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SB 261 Illinois Senate · 94th Regular Session

INC TAX-CREDITS

Summary
Amends the Illinois Income Tax Act. Increases the amount of the earned income tax credit from 5% of the federal credit to: (i) 10% of the federal tax credit for taxable years beginning on or after January 1, 2005; (ii) 15% of the federal tax credit for taxable years beginning on or after January 1, 2007; and (iii) 20% of the federal tax credit for taxable years beginning on or after January 1, 2009. Effective immediately.
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2005
Committee Review
Floor Vote
Governor
Introduced Feb 3, 2005 Last action Jan 9, 2007
Floor votes

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Full legislative history

Actions timeline

Total actions
15
Key actions
0
Committee
3
Mar 18, 2005
Committee
Rule 3-9(a) / Re-referred to Rules
upper
Feb 17, 2005
Committee
Assigned to Revenue
upper
Feb 3, 2005
Committee
Referred to Rules
upper
0 primary · 1 co-sponsor

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