Carolyn H. Krause
- Republican
Primary
Amends the Illinois Income Tax Act. Allows an income tax credit in an amount equal to 15% of the premium costs paid for a qualified long term care insurance contract covering the individual taxpayer or the taxpayer's spouse, parent, or dependent. Provides that the credit may not exceed $200 or the taxpayer's liability, whichever is less. Prohibits the carry forward of an excess tax credit to a succeeding year's tax liability. Exempts the credit from the sunset provisions. Effective immediately.
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Session Sine Die
Added Co-Sponsor Rep. Careen M Gordon
Added Chief Co-Sponsor Rep. Lisa M. Dugan
Added Chief Co-Sponsor Rep. Sidney H. Mathias
Filed with the Clerk by Rep. Carolyn H. Krause
Referred to Rules Committee
First Reading
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