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IL HB4943
Bill
Status
Failed
1/8/2013
Primary Sponsor
Dwight Kay
Click for details
AI Summary
- Amends the Illinois Income Tax Act to add a new tax credit for teachers certified by the National Board for Professional Teaching Standards (NBPTS) for taxable years ending on or after December 31, 2012
- Provides a tax credit against state income tax of up to $3,000 per eligible certified teacher
- Specifies that the credit cannot reduce tax liability below zero and excess credit amounts cannot be carried forward to future years or refunded
- Exempts this credit provision from Section 250 of the Illinois Income Tax Act
- Takes effect upon becoming law
Legislative Description
REVENUE-TECH
Last Action
Session Sine Die
1/8/2013
Committee Referrals
Rules3/30/2012
Executive2/29/2012
Rules2/3/2012
Full Bill Text
No bill text available