Bill Title: Amends the Illinois Income Tax Act. Creates a tax credit, for taxable years ending on or after December 31, 2009 and on or before December 30, 2014, for individual taxpayers who, during the taxable year, pay costs for an eligible child to enroll in a qualified physical-fitness program. Provides that the credit is an amount equal to the lesser of (i) the total costs of all qualified physical-fitness programs paid in the taxable year for all eligible children of the taxpayer or (ii) $500. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Sets forth requirements for qualified physical-fitness programs. Requires the Department of Revenue, in consultation with the Department of Public Health and the State Board of Education, to adopt rules for the administration of the credit. Effective immediately.
Sponsorship: Moderate Partisan Bill (Democrat 4-1)
Status: (Introduced - Dead) 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee
[HB0167 Detail]
Bill Drafts
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Amendments
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| No bill amendments currently on file for Illinois HB0167 |
Supplemental Documents
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| No supplemental documents for Illinois HB0167 currently on file. |