INC TX-INSURANCE PREMIUM CR Senate SponsorsSen. William R. Haine-Terry Link, Wendell E. Jones, Antonio Munoz, Bill Brady-M. Maggie Crotty-Dan Rutherford, Pamela J. Althoff and Dale A. Righter House Sponsors(Rep. Joseph M. Lyons-Carolyn H. Krause-Lou Lang-Dave Winters-JoAnn D. Osmond, Careen M Gordon, Daniel V. Beiser, John E. Bradley, Naomi D. Jakobsson and Lisa M. Dugan) 1/9/2007SenateSession Sine Die 35 ILCS 5/216 newAmends the Illinois Income Tax Act. Allows a tax credit for individual taxpayers in an amount equal to 25% of the premium costs paid by the taxpayer during the taxable year for each qualified long-term care insurance contract purchased on or after January 1, 2005 that offers coverage to either the taxpayer or to the taxpayer's spouse, parent, or dependent. Provides that the credit may not exceed $100 for each qualified long-term care policy. Provides that the credit may not reduce the taxpayer's liability to less than zero and may not be carried forward. Provides that a taxpayer is not entitled to the credit with respect to amounts expended for the same qualified long-term care insurance contract that are claimed by another taxpayer. Effective immediately. 2/25/2005SenateFiled with Secretary by Sen. William R. Haine 2/25/2005SenateFirst Reading 2/25/2005SenateReferred to Rules 3/1/2005SenateAdded as Chief Co-Sponsor Sen. Terry Link 3/2/2005SenateAssigned to Revenue 3/4/2005SenateAdded as Co-Sponsor Sen. Dan Rutherford 3/8/2005SenateAdded as Co-Sponsor Sen. Wendell E. Jones 3/8/2005SenateAdded as Co-Sponsor Sen. Antonio Munoz 3/10/2005SenateDo Pass Revenue; 006-000-000 3/10/2005SenatePlaced on Calendar Order of 2nd Reading March 15, 2005 3/16/2005SenateSecond Reading 3/16/2005SenatePlaced on Calendar Order of 3rd Reading March 17, 2005 4/7/2005SenateAdded as Co-Sponsor Sen. Bill Brady 4/8/2005SenateAdded as Chief Co-Sponsor Sen. M. Maggie Crotty 4/8/2005SenateSponsor Removed Sen. Dan Rutherford 4/8/2005SenateAdded as Chief Co-Sponsor Sen. Dan Rutherford 4/8/2005SenateAdded as Co-Sponsor Sen. Pamela J. Althoff 4/8/2005SenateAdded as Co-Sponsor Sen. Dale A. Righter 4/8/2005SenateThird Reading - Passed; 054-001-000 4/8/2005HouseArrived in House 4/8/2005HousePlaced on Calendar Order of First Reading 4/8/2005HouseChief House Sponsor Rep. Carolyn H. Krause 4/11/2005HouseAdded Alternate Chief Co-Sponsor Rep. Lou Lang 4/11/2005HouseAlternate Chief Sponsor Changed to Rep. Joseph M. Lyons 4/11/2005HouseAdded Alternate Chief Co-Sponsor Rep. Carolyn H. Krause 4/11/2005HouseFirst Reading 4/11/2005HouseReferred to Rules Committee 4/12/2005HouseAdded Alternate Chief Co-Sponsor Rep. Dave Winters 4/13/2005HouseAdded Alternate Co-Sponsor Rep. Careen M Gordon 4/14/2005HouseAdded Alternate Co-Sponsor Rep. Daniel V. Beiser 4/14/2005HouseAdded Alternate Co-Sponsor Rep. John E. Bradley 4/15/2005HouseAdded Alternate Chief Co-Sponsor Rep. JoAnn D. Osmond 4/20/2005HouseAssigned to Executive Committee 5/4/2005HouseAdded Alternate Co-Sponsor Rep. Naomi D. Jakobsson 5/13/2005HouseRule 19(a) / Re-referred to Rules Committee 5/17/2005HouseAdded Alternate Co-Sponsor Rep. Lisa M. Dugan 1/9/2007SenateSession Sine Die