INC TX-HEALTH CARE CREDIT Senate SponsorsSen. Gary G. Dahl 1/9/2007SenateSession Sine Die 35 ILCS 5/216 newAmends the Illinois Income Tax Act. For taxable years ending on or after December 31, 2005 and ending on or before December 30, 2010, allows small businesses to claim a tax credit in an amount equal to the amount of expenditures for health care insurance for its employees made in the year for which the credit is claimed. Provides that the credit may not reduce a taxpayer's liability to less than zero. Provides that the excess credit may be carried forward for a period of 5 years. Requires the taxpayer to keep any records required by the Department of Revenue regarding the health care expenditures for which the credit is claimed. Effective immediately. 2/16/2005SenateFiled with Secretary by Sen. Gary G. Dahl 2/16/2005SenateFirst Reading 2/16/2005SenateReferred to Rules 1/9/2007SenateSession Sine Die