IL SB2331

Amends the Illinois Income Tax Act Section 212 regarding the earned income tax credit to make a technical correction removing duplicate language.

Establishes earned income tax credit rates as a percentage of the federal earned income tax credit: 5% for tax years 2000-2011, 7.5% for tax years 2012-2012, and 10% for tax years beginning January 1, 2013 and thereafter.

Allows non-residents and part-year residents to claim the credit in proportion to income attributable to Illinois.

Permits earned income tax credit amounts exceeding income tax liability to be refunded to taxpayers beginning in tax year 2003, with refunds excluded from income calculations for means-tested benefit programs unless required by federal law.

Makes the earned income tax credit exempt from Section 250 of the Illinois Income Tax Act.