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90_HB0142
35 ILCS 5/215 new
Amends the Illinois Income Tax Act. Provides that
beginning with tax years ending on or after December 31, 1997
and ending with tax years ending on or before December 31,
2006, an individual may receive an income tax credit in an
amount equal to 10% of the credit received by the taxpayer
for the same taxable year under Section 129 of the Internal
Revenue Code of 1986 for expenditures during the tax year for
the care of a child in a State certified day care or child
care facility. Effective immediately.
LRB9000372KRkb
LRB9000372KRkb
1 AN ACT to amend the Illinois Income Tax Act by adding
2 Section 215.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Income Tax Act is amended by
6 adding Section 215 as follows:
7 (35 ILCS 5/215 new)
8 Sec. 215. State child care facility tax credit.
9 Beginning with tax years ending on or after December 31, 1997
10 and ending with tax years ending on or before December 31,
11 2006, each taxpayer subject to this Act is entitled to a tax
12 credit in an amount equal to 10% of the credit received by
13 the taxpayer for the same taxable year under Section 129 of
14 the Internal Revenue Code of 1986 for expenditures made
15 during the tax year by the taxpayer for the care of a child
16 in a State certified day care or child care facility.
17 Section 99. Effective date. This Act takes effect upon
18 becoming law.