HB 4734

  • Illinois House Bill
  • 94th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Long Term Health Credit

Abstract

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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Jan 09, 2007

House

Session Sine Die

Mar 15, 2006

House

Added Co-Sponsor Rep. Careen M Gordon

Jan 25, 2006

House

Added Co-Sponsor Rep. Lisa M. Dugan

Jan 19, 2006

House

Added Chief Co-Sponsor Rep. Sidney H. Mathias

House

Added Chief Co-Sponsor Rep. Paul D. Froehlich

Jan 12, 2006

House

Filed with the Clerk by Rep. Bill Mitchell

House

Referred to Rules Committee

House

First Reading

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