Naomi D. Jakobsson
- Democratic
Primary
Amends the Illinois Income Tax Act. Provides that each individual taxpayer who is a teacher in a qualifying school is entitled to an income tax credit in the amount equal to the amount spent by the taxpayer in the taxable year, up to a maximum credit of $200 in the taxable year, for instructional materials for use in the classroom. Provides that the credit may not reduce the taxpayer's liability to less than zero and that any excess credit may be carried forward for 5 years. Effective January 1, 2004.
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Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
Added Chief Co-Sponsor Rep. Robert F. Flider
Added Chief Co-Sponsor Rep. Paul D. Froehlich
Fiscal Note Filed
Assigned to Revenue Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Naomi D. Jakobsson
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