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IL HB4765

IL HB4765
INCOME TAX-EDUCATION CREDIT


summary

Introduced
01/24/2022
In Committee
02/18/2022
Crossed Over
Passed
Dead
04/08/2022

Introduced Session

102nd General Assembly

Bill Summary

Amends the Illinois Income Tax Act. Creates an income tax credit to compensate custodians of qualifying pupils for a school district failing to offer in-person instruction to students during the regular school year calendar. Provides for an additional credit if the custodian is also an eligible teacher. Creates an income tax credit for employers of custodians of qualifying pupils for eligible expenditures paid by the employer on behalf of the custodian. Provides that the credit is exempt from the Act's automatic sunset provision. Amends the Illinois Administrative Procedure Act to provide for emergency rulemaking. Effective immediately.

AI Summary

This bill creates an income tax credit to compensate custodians of qualifying students for a school district's failure to offer in-person instruction during the regular school year due to the COVID-19 pandemic. The credit covers eligible expenses such as the purchase of materials for online learning, child care, and costs related to COVID-19 quarantine. Eligible teachers can receive an additional credit. The bill also allows employers of custodians to claim a credit for eligible expenditures paid on behalf of the custodian. The Department of Revenue and the State Board of Education are required to adopt rules, including emergency rules, to implement this credit, and the Department must report annually on the total credits claimed.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Rule 19(a) / Re-referred to Rules Committee (on 02/18/2022)

bill text


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