Bill Text: IL HB4943 | 2011-2012 | 97th General Assembly | Amended
Bill Title: Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning tax checkoff explanations.
Sponsorship: Partisan Bill (Republican 1)
Status: (Failed) 2013-01-08 - Session Sine Die [HB4943 Detail]
Download: Illinois-2011-HB4943-Amended.html
| |||||||
| |||||||
| |||||||
| 1 | AMENDMENT TO HOUSE BILL 4943
| ||||||
| 2 | AMENDMENT NO. ______. Amend House Bill 4943 by replacing | ||||||
| 3 | everything after the enacting clause with the following:
| ||||||
| 4 | "Section 5. The Illinois Income Tax Act is amended by | ||||||
| 5 | adding Section 223 as follows:
| ||||||
| 6 | (35 ILCS 5/223 new) | ||||||
| 7 | Sec. 223. Credit for certified teachers. For taxable years | ||||||
| 8 | ending on or after December 31, 2012, each taxpayer who is | ||||||
| 9 | certified by the National Board for Professional Teaching | ||||||
| 10 | Standards (NBPTS) is entitled to a credit against the tax | ||||||
| 11 | imposed by subsections (a) and (b) of Section 201 in an amount | ||||||
| 12 | not to exceed $3,000. | ||||||
| 13 | In no event shall a credit under this Section reduce the | ||||||
| 14 | taxpayer's liability to less than zero. Excess credit amounts | ||||||
| 15 | may not be carried forward to subsequent taxable years and may | ||||||
| 16 | not be refunded to the taxpayer. | ||||||
| |||||||
| |||||||
| 1 | This Section is exempt from the provisions of Section 250.
| ||||||
| 2 | Section 99. Effective date. This Act takes effect upon | ||||||
| 3 | becoming law.".
| ||||||
