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: Moderate Partisan Bill (Democrat 42-5)

Status: (Failed) 2014-12-03 - Session Sine Die [HB4474 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2014-01-29	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB4474

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB4474 currently on file.