Illinois Senate Bill 159 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Creates a credit for individual taxpayers in an amount equal to the total amount of expenditures made by the taxpayer during the taxable year for the purpose of modifying the taxpayer's primary residence to accommodate a person with a disability. Provides that the amount of the credit may not exceed $500 in any taxable year. Provides that the credit may not reduce the taxpayer's liability to less than zero. Provides that, if the amount of the credit exceeds the taxpayer's liability for the taxable year, the excess credit may not be carried forward or back and shall not be refunded to the taxpayer. Exempts the credit from the Act's automatic sunset provisions. Effective immediately.

INC TX-CREDIT-MODIFY RESIDENCE

Sen. Matt Murphy [R]

Sen. Linda Holmes [D]

Sen. Mike Jacobs [D]

Date	Chamber	Action
2013-01-08	Senate	Session Sine Die
2011-03-18	Senate	Rule 3-9(a) / Re-referred to Assignments
2011-03-17	Senate	Added as Chief Co-Sponsor Sen. Linda Holmes
2011-03-10	Senate	Added as Co-Sponsor Sen. Mike Jacobs
2011-02-15	Senate	To Revenue Subcommittee on Tax Credits
2011-02-09	Senate	Assigned to Revenue
2011-02-08	Senate	Referred to Assignments
2011-02-08	Senate	First Reading
2011-02-08	Senate	Filed with Secretary by Sen. Matt Murphy

Chapter	Article	Section	Citation Type	Statute Text
35	5	221	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=159&GAID=11&DocTypeID=SB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/SB/09700SB0159.htm