Bill Text: IL HB0851 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amends the Illinois Income Tax Act. Provides that for taxable years ending on or after December 31, 2009, each taxpayer who was a member in good standing of a volunteer fire department during the entire taxable year is entitled to an income tax credit. Provides that the credit may not exceed $500 or the amount of the taxpayer's liability under this Act, whichever is less. Prohibits the carry forward of an excess tax credit to a succeeding year's tax liability. Exempts the provisions from the sunset requirements. Effective July 1, 2009.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee [HB0851 Detail]

Download: Illinois-2009-HB0851-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 HB0851 Introduced 2/10/2009, by Rep. Rich Brauer SYNOPSIS AS INTRODUCED:
35 ILCS 5/218 new
Amends the Illinois Income Tax Act. Provides that for taxable years ending on or after December 31, 2009, each taxpayer who was a member in good standing of a volunteer fire department during the entire taxable year is entitled to an income tax credit. Provides that the credit may not exceed $500 or the amount of the taxpayer's liability under this Act, whichever is less. Prohibits the carry forward of an excess tax credit to a succeeding year's tax liability. Exempts the provisions from the sunset requirements. Effective July 1, 2009.
LRB096 03195 HLH 13212 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
HB0851 LRB096 03195 HLH 13212 b
AN ACT concerning taxes.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Income Tax Act is amended by adding
Section 218 as follows:
(35 ILCS 5/218 new)
Sec. 218. Tax credit for volunteer firefighters. For
taxable years ending on or after December 31, 2009, each
taxpayer who was a member in good standing of a volunteer fire
department during the entire taxable year is entitled to a
credit against the tax imposed by subsections (a) and (b) of
Section 201. The credit allowed under this Section may not
exceed $500 or the amount of the taxpayer's liability under
this Act, whichever is less. If the amount of the credit
exceeds the taxpayer's liability under this Act for the year,
then the excess may not be carried forward to apply to the
taxpayer's liability for the succeeding year. This Section is
exempt from the provisions of Section 250.
Section 99. Effective date. This Act takes effect July 1,