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Income Tax Credit

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Income Tax Credit AS AMENDED THROUGH PUBLIC ACT 100-555 Sec. 101. Short Title. .................................... 1 Sec. 217. Credit for wages paid to qualified veterans. ....................... 47 Sec. 102. Construction. ................................. 1 Sec. 217.1. Credit for wages paid to Sec. 103. Renumbered Internal Revenue qualified unemployed veterans. .. 47 Code Provisions. ........................... 1 Sec. 218. Credit for student-assistance Sec. 201. Tax Imposed. ................................. 1 contributions. .............................. 48 Sec. 201.5. State spending limitation and Sec. 219. Historic preservation credit. ........ 48 tax reduction. ............................... 11 Sec. 220. Angel investment credit. ............. 48 Sec. 202. Net Income Defined. ................... 13 Sec. 221. Rehabilitation costs; qualified Sec. 202.3. Net Income Attributable To historic properties; River Edge The Period Prior To July 1, Redevelopment Zone. ................. 52 1989 And Net Income Attributable To The Period Sec. 222. Live theater production credit. .... 52 After June 30, 1989. .................... 13 Sec. 223. Hospital credit. ............................ 53 Sec. 202.4. Net Income Attributable To Sec. 224. Invest in Kids credit. ................... 53 The Period Prior To July 1, 1993 And Net Income Sec. 225. Credit for instructional Attributable To The Period materials and supplies. ................ 53 After June 30, 1993. .................... 13 Sec. 226. Natural disaster credit. ................ 54 Sec. 202.5. Net income attributable to the Sec. 250. Sunset Of Exemptions, Credits, period beginning prior to the And Deductions. ......................... 54 first day of a month and ending after the last day of the Sec. 301. General Rule. .............................. 55 preceding month. ......................... 13 Sec. 302. Compensation Paid To Sec. 203. Base income defined. .................. 14 Nonresidents. .............................. 55 Sec. 204. Standard Exemption. ................... 39 Sec. 303. Non-Business Income Of Persons Other Than Residents. ... 55 Sec. 205. Exempt organizations. ................. 40 Sec. 304. Business income of persons Sec. 206. Tax Credits For Coal Research other than residents. .................... 57 And Coal Utilization Equipment. .................................. 41 Sec. 305. Allocation Of Partnership Income By Partnerships And Sec. 207. Net Losses. .................................. 41 Partners Other Than Residents. ... 69 Sec. 208. Tax Credit For Residential Real Sec. 306. Allocation Or Apportionment Property Taxes. ........................... 42 Of Income By Estates And Trusts. Sec. 208.1. Homeowners’ Tax Relief Rebate. .................................................... 70 .................................................... 42 Sec. 307. Allocation Of Income By Estate Sec. 209. Tax Credit for "TECH-PREP" Or Trust Beneficiaries Other youth vocational programs. ......... 43 Than Residents. ........................... 70 Sec. 210. Dependent Care Assistance Sec. 308. Allocation Of Subchapter S Program Tax Credit. .................... 43 Corporation Income By Subchapter S Corporations Sec. 210.5. Tax credit for employee child care. And Shareholders Other Than .................................................... 43 Residents. .................................... 70 Sec. 211. Economic Development for a Sec. 401. Taxable Year. .............................. 71 Growing Economy Tax Credit. ... 44 Sec. 402. Methods Of Accounting. ............. 71 Sec. 212. Earned income tax credit. ............ 45 Sec. 403. Effect Of Determination For Sec. 213. Film production services credit. .. 45 Federal Purposes. ........................ 71 Sec. 214. Tax credit for affordable Sec. 404. Reallocation Of Items. ................ 71 housing donations. ...................... 45 Sec. 405 Carryovers in Certain Acquisitions. Sec. 216. Credit for wages paid to ex-felons. .................................................... 72 .................................................... 46 i As Amended Through Public Act 100-555 Sec. 501. Notice Or Regulations Sec. 507R. Mental Health Research Fund Requiring Records, Statements Checkoff. ..................................... 81 And Special Returns.................... 72 Sec. 507S. Children’s Cancer Fund Checkoff. Sec. 502. Returns and notices. .................... 73 .................................................... 81 Sec. 502.1. Use tax. ....................................... 76 Sec. 507T. American Diabetes Association Checkoff. ..................................... 82 Sec. 503. Signing Of Returns And Notices. ....................................... 76 Sec. 507U. Prostate Cancer Research Fund checkoff....................................... 82 Sec. 504. Verification. ................................ 77 Sec. 507V. National World War II Sec. 505. Time And Place For Filing Returns. Memorial Fund checkoff. ............ 82 .................................................... 77 Sec. 507W. Korean War Veterans National Sec. 506. Federal Returns. .......................... 78 Museum and Library Fund Sec. 506.5. Returns Based On Substitute checkoff....................................... 82 W-2 Forms. ................................. 78 Sec. 507X. The Multiple Sclerosis Sec. 507. Child Abuse Prevention Fund Assistance Fund checkoff. .......... 82 Checkoff. ..................................... 78 Sec. 507Y. The Illinois Military Family Sec. 507A. Community Health Center Care Relief checkoff. ........................... 82 Fund Checkoff. ........................... 79 Sec. 507Z. World War II Illinois Veterans Sec. 507B. Child Care Expansion Program Memorial Fund checkoff. ............ 83 Fund Checkoff. ........................... 79 Sec. 507AA. The Lou Gehrig's Disease Sec. 507C. Youth Drug Abuse Prevention (ALS) Research Fund checkoff. Fund Checkoff. ........................... 79 (PA 93-0036) .............................. 83 Sec. 507E. Assistive Technology For Sec. 507BB. Asthma and Lung Research Persons With Disabilities Fund checkoff. (PA 93-0292) ............... 83 Checkoff. ..................................... 79 Sec. 507CC. The Leukemia Treatment and Sec. 507F. Domestic Violence Shelter And Education checkoff. (PA 93-0324) Service Fund Checkoff. ............... 79 .................................................... 83 Sec. 507G. United States Olympians Sec. 507DD. The Illinois Veterans' Homes Assistance Fund Checkoff........... 79 Fund checkoff. ............................ 83 Sec. 507H. Persian Gulf Conflict Veterans Sec. 507EE. Pet Population Control Fund Fund Checkoff. ........................... 80 checkoff....................................... 83 Sec. 507I. Literacy Advancement Fund Sec. 507FF. Epilepsy Treatment and Checkoff. ..................................... 80 Education Grants-in-Aid Fund Sec. 507J. Ryan White Pediatric And checkoff....................................... 84 Adult AIDS Fund Checkoff. ....... 80 Sec. 507GG. Diabetes Research Checkoff Sec. 507K. Illinois Special Olympics Checkoff. Fund checkoff. ............................ 84 .................................................... 80 Sec. 507HH. Sarcoidosis Research Fund Sec. 507L. Penny Severns Breast, Cervical, checkoff....................................... 84 and Ovarian Cancer Research Sec. 507II. The Vince Demuzio Memorial Fund Checkoff. ........................... 80 Colon Cancer Fund checkoff. ..... 84 Sec. 507M. Meals On Wheels Fund Checkoff. Sec. 507JJ. The Autism Research Checkoff .................................................... 80 Fund checkoff. ............................ 84 Sec. 507N. Korean War Memorial Fund Sec. 507KK. Blindness Prevention Fund Checkoff. ..................................... 81 checkoff....................................... 85 Sec. 507O. Heart Disease Treatment And Sec. 507LL. The Illinois Brain Tumor Prevention Fund Checkoff. ......... 81 Research checkoff. ...................... 85 Sec. 507P. Hemophilia Treatment Fund Sec. 507MM. Supplemental Low-Income Checkoff. ..................................... 81 Energy Assistance Fund checkoff. Sec. 507Q. Women In Military Service .................................................... 85 Memorial Fund Checkoff. ........... 81 Sec. 507NN. The Heartsaver AED Fund checkoff. (P.A. 94-876) ............... 85 -ii- As Amended Through Public Act 100-0047 Sec. 507PP. The lung cancer research Sec. 603. Credit Of Overpayments For checkoff. (Public Act 95-434) ..... 85 Taxpayers That Are Members Of A Unitary Business Group. .... 92 Sec. 507QQ. The autoimmune disease research checkoff. (Public Act Sec. 604. Payments Not Payable To 95-435) ........................................ 85 Department. ................................. 92 Sec. 507RR. The Healthy Smiles Fund checkoff. Sec. 605. Payments By Credit Card. ........... 92 .................................................... 86 Sec. 606. EDGE payment. .......................... 92 Sec. 507SS. The hunger relief checkoff. ......... 86 Sec. 701. Requirement and Amount of Sec. 507TT. The crisis nursery checkoff. ........ 86 Withholding. ............................... 92 Sec. 507UU. The Illinois Route 66 checkoff. ... 86 Sec. 702. Amount Exempt From Withholding. ............................... 93 Sec. 507VV. Habitat for Humanity Fund checkoff....................................... 86 Sec. 703. Information Statement. ................ 93 Sec. 507WW. The State parks checkoff. ............ 86 Sec. 704. Employer's Return and Payment of Tax Withheld. ........................
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