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Latest Update: Tuesday, December, 02nd 2008

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INC TAX-TEACHER CREDIT

Amends the Illinois Income Tax Act. Provides that elementary and secondary school teachers are entitled to a credit under the Act in an amount equal to personal expenditures made by the teacher for teaching materials. Provides that the credit is limited to $500 or the individual's tax liability, whichever is less. Effective immediately.

Latest Actions
  • 09/08/2008 - First Reading
  • 09/08/2008 - Referred to Rules Committee
  • 08/19/2008 - Added Co-Sponsor Rep. Jim Durkin
  • 08/19/2008 - Added Co-Sponsor Rep. Harry R. Ramey, Jr.
  • 08/19/2008 - Added Co-Sponsor Rep. Michael Tryon

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