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]
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.
Title
INC TX-CHILD CARE
Sponsors
History
Date | Chamber | Action |
---|---|---|
2016-04-12 | Senate | Referred to Assignments |
2016-04-12 | Senate | First Reading |
2016-04-12 | Senate | Filed with Secretary by Sen. Toi W. Hutchinson |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
35 | 5 | 210 | Amended Code | Citation Text |
35 | 5 | 210.5 | Amended Code | Citation Text |
35 | 5 | 224 | New Code | See Bill Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3419&GAID=13&DocTypeID=SB&SessionID=88&GA=99 |
Text | https://www.ilga.gov/legislation/99/SB/09900SB3419.htm |