Patricia R. Bellock
- Republican
Primary
Amends the Illinois Income Tax Act. Creates an income tax credit of $100 for individuals who deposit $100 or more into a trust account established by a federally insured financial institution for the purpose of providing for future long-term care expenses. Provides that the same taxpayer may take this credit in only one taxable year. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately.
No votes to display
Session Sine Die
Added Co-Sponsor Rep. Daniel V. Beiser
Rule 19(a) / Re-referred to Rules Committee
Assigned to Revenue Committee
Filed with the Clerk by Rep. Patricia R. Bellock
Referred to Rules Committee
First Reading
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