IL HB5423 | 2009-2010 | 96th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 4 2010 - 25% progression, died in committee
Action: 2010-02-05 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 4 2010 - 25% progression, died in committee
Action: 2010-02-05 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 5% of wages paid by the taxpayer during the taxable year to one or more homeless Illinois residents. Provides that the credit may not exceed $600 in each taxable year. Provides that the credit may not reduce the taxpayer's liability to less than zero. Provides that any excess credit may be carried forward. Exempts the credit from the Act's automatic sunset provision.
Title
INC TX-HOMELESS CREDIT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2010-02-05 | Referred to Rules Committee | |
| 2010-02-05 | First Reading | |
| 2010-02-04 | Filed with the Clerk by Rep. Charles E. Jefferson |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5423&GAID=10&DocTypeID=HB&SessionID=76&GA=96 |
| Text | https://www.ilga.gov/legislation/96/HB/09600HB5423.htm |
