INC TX-TEACHER CREDIT Senate SponsorsSen. Miguel del Valle 1/9/2007SenateSession Sine Die 35 ILCS 5/216 newAmends the Illinois Income Tax Act. Creates an income tax credit of $250 to $1,000 for certain qualified teachers who teach in schools in low-income areas. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately. 1/18/2006SenateFiled with Secretary by Sen. Miguel del Valle 1/18/2006SenateFirst Reading 1/18/2006SenateReferred to Rules 2/8/2006SenateAssigned to Revenue 2/15/2006SenatePostponed - Revenue 2/17/2006SenateRule 3-9(a) / Re-referred to Rules 1/9/2007SenateSession Sine Die