House Sponsors: DAVIS,STEVE-SANTIAGO-POE. Senate Sponsors: REA-BOWLES Short description: INC TAX CR-ST CHILD CARE SITE Synopsis of Bill as introduced: 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. HOUSE AMENDMENT NO. 1. Specifies that the credit is for individuals with an adjusted gross income of $50,000 or less. STATE MANDATES FISCAL NOTE HB142 fails to create a State mandate. FISCAL NOTE, H-AM 1 (Dept. of Revenue) HB142 will have an indeterminable negative fiscal impact. STATE MANDATES FISCAL NOTE, H-AM 1 HB142, as amended by H-am 1 fails to create State mandate. HOME RULE NOTE, H-AM 1 HB142, amended by H-am 1, does not preempt home rule authority. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status