Bill Title: Amends the Illinois Income Tax Act. Increases the earned income tax credit to (i) 12% of the federal tax credit for each taxable year beginning on or after January 1, 2014 and ending prior to December 31, 2015, (ii) 14% of the federal tax credit for each taxable year beginning on or after January 1, 2015 and ending prior to December 31, 2016, (iii) 16% of the federal tax credit for each taxable year beginning on or after January 1, 2016 and ending prior to December 31, 2017, (iv) 18% of the federal tax credit for each taxable year beginning on or after January 1, 2017 and ending prior to December 31, 2018, and (v) 20% of the federal tax credit for each taxable year beginning on or after January 1, 2018. Effective immediately.

Sponsorship: Partisan Bill (Democrat 22)

Status: (Failed) 2015-01-13 - Session Sine Die [SB2865 Detail]

Text: Latest bill text (Introduced) [HTML]

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