92nd General Assembly
Status of SB1969
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 Full Text  Bill Summary

   35 ILCS 5/212                                                               

        Amends the Illinois Income Tax Act.  Increases the earned  income      
   tax  credit  for  taxable  years beginning on or after January 1, 2002      
   from 5% to 10% of the federal earned income tax credit.  Provides that      
   if the amount of the credit exceeds the tax liability  for  the  year,      
   then the excess credit shall be refunded to the taxpayer.  Exempts the      
   credit from the sunset provisions. Effective immediately.                   
   FEB-06-2002  S  FIRST READING                                                  
   FEB-06-2002  S  ADDED AS A CHIEF CO-SPONSOR              MADIGAN,L             
   FEB-06-2002  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               


 Full Text  Bill Summary