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IL HB3661
Bill
Status
Failed
1/8/2019
Primary Sponsor
Christine Winger
Click for details
AI Summary
- Creates a tax credit for individual teachers employed during the taxable year equal to the lesser of $100 or total classroom supply expenses.
- Credit applies to taxable years beginning January 1, 2017 through December 31, 2021.
- Credit cannot reduce tax liability below zero and cannot be carried forward, carried back, or refunded.
- Amends the Illinois Income Tax Act by adding Section 224.
- Takes effect immediately upon becoming law.
Legislative Description
INC TX-EDUCATOR CREDIT
Last Action
Session Sine Die
1/8/2019
Committee Referrals
Rules3/31/2017
Income Tax3/9/2017
Revenue & Finance3/1/2017
Rules2/10/2017
Full Bill Text
No bill text available