House Sponsors: MORROW. Short description: INC TX-EMPLYR COMMUTER CR Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Creates a tax credit for taxpayers in an amount equal to 100% of amounts paid to employees of the taxpayer as qualified transportation fringes. Defines "qualified transportation fringe" as the stipend an employer pays an employee for the purchase of any pass, token, voucher, facecard, or similar item entitling the employee to transportation between the employee's residence and place of employment. Provides that any credit in excess of the taxpayer's liability for the tax year may be carried forward for 5 years. Provides that the Department may prescribe any rules necessary to implement and enforce the credit. Creates a deduction for amounts received by the employee as qualified transportation fringes. Provides that the credit and deduction shall apply to tax years beginning on or after January 1, 1997. Sunsets the credit and deduction after 10 years. Effective July 1, 1997. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status