92nd General Assembly
Summary of HB0214
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House Sponsors:
LEITCH-SLONE-SOMMER-SCHMITZ-KURTZ, KRAUSE, ZICKUS, DANIELS, 
   WOJCIK, LYONS,EILEEN, JONES,JOHN, O'CONNOR, WAIT, JOHNSON, 
   BRADY, KLINGLER, MITCHELL,JERRY, TURNER,JOHN, 
   MYERS,RICHARD, MEYER, MATHIAS, HULTGREN, BIGGINS AND DURKIN.

Short description: 
INCOME TX-DEDUCT MEDICAL COSTS                                             

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Beginning with taxable years      
   ending on or after December 31, 2001, allows  a  deduction  from  base      
   income  of  an amount equal to the amount allowed as a deduction under      
   Section 213 of the Internal Revenue Code for  medical  care  expenses.      
   Effective immediately.                                                      
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          35 ILCS 5/203                                                        
          Adds reference to:                                                   
          35 ILCS 5/213 new                                                    
        Deletes  everything.   Amends  the  Illinois  Income   Tax   Act.      
   Provides  that  each  individual taxpayer is entitled to an income tax      
   credit in an amount equal to the amount allowed as a  deduction  under      
   Section 213 of the Internal Revenue Code for medical care expenses, up      
   to  $500  in  a  taxable  year.   The  tax  credit  may not reduce the      
   taxpayer's liability to less than zero, but may be carried forward for      
   2 years.  Exempts the credit from  the  sunset  provisions.  Effective      
   immediately.                                                                
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


   END OF INQUIRY 



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