Sen. David Koehler
Filed: 5/25/2007
 
 

 




 

 		












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LRB095 08883 DRJ 37060 a






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AMENDMENT TO SENATE BILL 5




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    AMENDMENT NO. ______. Amend Senate Bill 5, AS AMENDED, with 
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reference to page and line numbers of Senate Amendment No. 1, 
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by replacing lines 21 through 24 on page 139 and lines 1 
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through 3 on page 140 with the following:
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    "(b) If the tax otherwise due under subsection (a) of 
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Section 50-301 of this Act with respect to the wages of any 
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employee of the employer is $7,500, the credit allowed in 
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subsection (a) of this Section shall be computed without taking 
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into account any wages paid to that employee or any 
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expenditures for health care incurred with respect to that 
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employee, and, in addition to the credit so computed, the 
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employer shall be allowed a credit of $7,500 with respect to 
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that employee of the expenditures for health care incurred with 
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respect to that employee exceed $10,000.
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    (c) For purposes of determining whether total expenditures 
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for health care for Illinois employees exceed 4% of the wages 
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paid to Illinois employees for a taxable year, the wages paid 
 


 






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to and expenditures for health care for any Illinois employee 
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with health care coverage provided by another employer of that 
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employee, or with health care coverage as a dependent through 
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another employer, shall be disregarded.".