Illinois General Assembly - Full Text of SB0005
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Full Text of SB0005  95th General Assembly


Sen. David Koehler

Filed: 5/25/2007





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2     AMENDMENT NO. ______. Amend Senate Bill 5, AS AMENDED, with
3 reference to page and line numbers of Senate Amendment No. 1,
4 by replacing lines 21 through 24 on page 139 and lines 1
5 through 3 on page 140 with the following:
6     "(b) If the tax otherwise due under subsection (a) of
7 Section 50-301 of this Act with respect to the wages of any
8 employee of the employer is $7,500, the credit allowed in
9 subsection (a) of this Section shall be computed without taking
10 into account any wages paid to that employee or any
11 expenditures for health care incurred with respect to that
12 employee, and, in addition to the credit so computed, the
13 employer shall be allowed a credit of $7,500 with respect to
14 that employee of the expenditures for health care incurred with
15 respect to that employee exceed $10,000.
16     (c) For purposes of determining whether total expenditures
17 for health care for Illinois employees exceed 4% of the wages
18 paid to Illinois employees for a taxable year, the wages paid



09500SB0005sam006 - 2 - LRB095 08883 DRJ 37060 a

1 to and expenditures for health care for any Illinois employee
2 with health care coverage provided by another employer of that
3 employee, or with health care coverage as a dependent through
4 another employer, shall be disregarded.".