OBAMA-MADIGAN,L. 35 ILCS 5/212 Amends the Illinois Income Tax Act. Increases the earned income tax credit for taxable years beginning on or after January 1, 2002 from 5% to 10% of the federal earned income tax credit. Provides that if the amount of the credit exceeds the tax liability for the year, then the excess credit shall be refunded to the taxpayer. Exempts the credit from the sunset provisions. Effective immediately. FEB-06-2002 S FIRST READING FEB-06-2002 S ADDED AS A CHIEF CO-SPONSOR MADIGAN,L FEB-06-2002 S REFERRED TO SENATE RULES COMMITTEE RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary