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