INC TX-CHILD CARE CREDIT House SponsorsRep. Marlow H. Colvin 1/8/2013HouseSession Sine Die 35 ILCS 5/223 new Amends the Illinois Income Tax Act. Creates a credit in the amount of $50 for each exemption allowable to the taxpayer for the taxable year under Section 151 of the Internal Revenue Code for a dependent who is under the age of 18 on the last day of the taxable year. Provides that, if the amount of the credit exceeds the income tax liability for the applicable tax year, then the excess credit shall be refunded to the taxpayer. Effective immediately. 2/3/2012HouseFiled with the Clerk by Rep. Marlow H. Colvin 2/3/2012HouseFirst Reading 2/3/2012HouseReferred to Rules Committee 2/7/2012HouseAssigned to Revenue & Finance Committee 3/9/2012HouseRule 19(a) / Re-referred to Rules Committee 1/8/2013HouseSession Sine Die