Senate Sponsors: JONES,W. Short description: INC TAX-CORP BLOOD DRIVE CREDT Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Provides that, beginning with taxable years ending on or after December 31, 2001 and ending with taxable years ending on or before December 30, 2006, each corporate taxpayer that sponsors an on-site blood drive during the taxable year is entitled to a tax credit equal to $10 per employee of the corporation who donates blood at the corporate-sponsored on-site blood drive held during the taxable year. The corporation is allowed to claim only one $10 credit per each individual employee per taxable year. The tax credit may not reduce the taxpayer's liability to less than zero. The credit may not be carried forward. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status