92nd General Assembly
Status of HB2094
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MAY-MATHIAS-FRANKS-FLOWERS-SCHOENBERG, FOWLER, 
   FEIGENHOLTZ, DAVIS,MONIQUE AND CROTTY.

   35 ILCS 5/213 new                                                           

        Amends the Illinois Income Tax Act.   Beginning  with  tax  years      
   ending  on or after December 31, 2001 and ending with tax years ending      
   on or before December 31, 2005, allows small businesses to claim a tax      
   credit in an amount equal to the amount  of  expenditures  for  health      
   care insurance for its employees made in the year for which the credit      
   is  claimed.   Provides  that  the  credit may not reduce a taxpayer's      
   liability to less than zero.  Provides that the excess credit  may  be      
   carried  forward  for  a  period of 5 years.  Requires the taxpayer to      
   keep any records required by the Department of Revenue  regarding  the      
   health  care  expenditures for which the credit is claimed.  Effective      
   immediately.                                                                
   FEB-21-2001  H  FILED WITH CLERK                                               
   FEB-21-2001  H  FIRST READING                                                  
   FEB-21-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-22-2001  H       ASSIGNED TO COMMITTEE               REVENUE               
   FEB-22-2001  H  ADDED AS A JOINT SPONSOR                 MATHIAS               
   FEB-23-2001  H  ADDED AS A JOINT SPONSOR                 FRANKS                
   FEB-27-2001  H  ADDED AS A JOINT SPONSOR                 FLOWERS               
   FEB-27-2001  H  ADDED AS A CO-SPONSOR                    FORBY                 
   MAR-01-2001  H  ADDED AS A CO-SPONSOR                    FEIGENHOLTZ           
   MAR-02-2001  H  JOINT-SPONSOR CHANGED TO                 SCHOENBERG            
   MAR-02-2001  H  ADDED AS A CO-SPONSOR                    FOWLER                
   MAR-06-2001  H  ADDED AS A CO-SPONSOR                    DAVIS,MONIQUE         
   MAR-13-2001  H  ADDED AS A CO-SPONSOR                    CROTTY                
   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