HB 3957

  • Illinois House Bill
  • 99th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Federal Child Credit

Abstract

Amends the Illinois Income Tax Act. Creates a credit equal to a percentage the federal child and dependent care credit received by the taxpayer. Provides that the credit shall be equal to: (i) 50% of the federal credit if the taxpayer's adjusted gross income is $25,000 or less; (ii) 30% of the federal credit if the taxpayer's adjusted gross income is more than $25,000 but not more than $35,000; and (iii) 10% of the federal credit if the taxpayer's adjusted gross income is more than $35,000. Provides that the credit may be refunded to the taxpayer. Effective immediately.

Bill Sponsors (1)

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Jan 10, 2017

House

Session Sine Die

Mar 27, 2015

House

Rule 19(a) / Re-referred to Rules Committee

Mar 13, 2015

House

To Income Tax Subcommittee

Mar 12, 2015

House

Assigned to Revenue & Finance Committee

Feb 27, 2015

House

Filed with the Clerk by Rep. Joe Sosnowski

House

Referred to Rules Committee

House

First Reading

Bill Text

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