LOPEZ-MCKEON-ACEVEDO-CROTTY. 35 ILCS 5/212 new Amends the Illinois Income Tax Act. Provides that, for taxable years 2000 through 2004, each corporation is entitled to an income tax credit in an amount equal to (i) 15% of the amount expended in the tax year for which the credit is claimed by the corporation to provide day care for the children of employees of the corporation on the premises of the employee's workplace or (ii) 10% of the amount expended in the tax year for which the credit is claimed by the corporation to provide child care locator services for employees of the corporation. Provides that (i) the tax credit may not reduce the corporation's tax liability to less than zero and (ii) any excess may be carried forward and applied to the tax liability of the 2 taxable years following the excess credit year. Effective immediately. 00-01-19 H FIRST READING 00-01-19 H REFERRED TO HOUSE RULES COMMITTEE RULES 00-01-20 H ADDED AS A JOINT SPONSOR MCKEON 00-01-25 H ADDED AS A JOINT SPONSOR ACEVEDO 00-02-09 H ADDED AS A JOINT SPONSOR CROTTY 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary