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]
Bill Drafts
| Revision | Date | Format | Source | View |
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| Introduced | 2014-02-04 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
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| No bill amendments currently on file for Illinois SB2865 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois SB2865 currently on file. |
