SB 3014

Abstract

Amends the Illinois Income Tax Act. Provides that a taxpayer providing health insurance and a medical care savings account to its employees shall receive a tax credit of up to $1,000 per employee. Provides that an employer that establishes a medical care savings account after the effective date of the amendatory Act shall receive a tax credit of up to $1,200 per employee for the first year and $1,000 thereafter. Amends the Medical Care Savings Account Act of 2000 to permit employees to make contributions to medical care savings accounts. Effective immediately.