INC TX-CHILD CARE CREDIT Senate SponsorsSen. Toi W. Hutchinson 1/8/2013SenateSession Sine Die 35 ILCS 5/223 newAmends 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. 2/7/2012SenateFiled with Secretary by Sen. Toi W. Hutchinson 2/7/2012SenateFirst Reading 2/7/2012SenateReferred to Assignments 2/22/2012SenateAssigned to Appropriations II 7/1/2012SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments 1/8/2013SenateSession Sine Die