GRANBERG-BOLAND-GARRETT-FLOWERS. 35 ILCS 5/213 new Amends the Illinois Income Tax Act. Allows an income tax credit in an amount equal to 15% of the premium costs paid for a qualified long term care insurance contract covering the individual taxpayer or the taxpayer's spouse, parent, or dependent. Provides that the credit may not exceed $200 or the taxpayer's liability, whichever is less. Prohibits the carry forward of an excess tax credit to a succeeding year's tax liability. Exempts the credit from the sunset provisions. Effective January 1, 2002. FEB-05-2001 H FILED WITH CLERK FEB-05-2001 H FIRST READING FEB-05-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-07-2001 H ASSIGNED TO COMMITTEE REVENUE FEB-07-2001 H ADDED AS A JOINT SPONSOR BOLAND FEB-16-2001 H ADDED AS A JOINT SPONSOR GARRETT FEB-16-2001 H ADDED AS A JOINT SPONSOR FLOWERS MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary