92nd General Assembly
Status of HB1065
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 Full Text  Bill Summary

   35 ILCS 5/212                                                               

        Amends the Illinois Income  Tax  Act.   Provides  that  for  each      
   taxable  year  beginning  on or after January 1, 2001, each individual      
   taxpayer is entitled to an income tax credit in an amount equal to 25%      
   of the federal earned income tax credit  (now,  5%).   Eliminates  the      
   repeal  of  these  provisions  scheduled for June 1, 2003 and provides      
   that the credit is exempt from  the  sunset  provisions  of  the  Act.      
   Effective immediately.                                                      
   FEB-14-2001  H  FILED WITH CLERK                                               
   FEB-14-2001  H  FIRST READING                                                  
   FEB-14-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-16-2001  H       ASSIGNED TO COMMITTEE               REVENUE               
   FEB-16-2001  H  ADDED AS A JOINT SPONSOR                 FORBY                 
   FEB-16-2001  H  ADDED AS A JOINT SPONSOR                 FOWLER                
   FEB-16-2001  H  ADDED AS A JOINT SPONSOR                 MCKEON                
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary