IL SB3419 | 2015-2016 | 99th General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on April 12 2016 - 25% progression, died in committee
Action: 2016-04-12 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Provides that the credit for employee child care shall be in an amount equal to 50% of the start-up costs expended by the taxpayer to provide a child care facility for the children of its employees and 20% of the annual amount paid by the taxpayer to provide an on site child care facility for the children of its employees or to pay for the provision of child care offsite for the children of its employees (currently, 30% of the start-up costs and 5% of the annual amount). Provides that the taxpayer may coordinate with an independent child care facility to provide care for the children of employees. Creates a child care credit in an amount equal to 20% of the federal tax credit for each qualifying child. Effective immediately.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

INC TX-CHILD CARE

Sponsors


History

DateChamberAction
2016-04-12SenateReferred to Assignments
2016-04-12SenateFirst Reading
2016-04-12SenateFiled with Secretary by Sen. Toi W. Hutchinson

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355210Amended CodeCitation Text
355210.5Amended CodeCitation Text
355224New CodeSee Bill Text

Illinois State Sources


Bill Comments

feedback