summary
Introduced
02/17/2023
02/17/2023
In Committee
04/05/2024
04/05/2024
Crossed Over
Passed
Dead
01/08/2025
01/08/2025
Introduced Session
Potential new amendment
103rd General Assembly
Bill Summary
Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the foster care expenses, not to exceed $1,000 in any taxable year, paid or incurred by the taxpayer with respect to a qualified dependent child. Provides that the credit may be prorated. Effective immediately.
AI Summary
This bill amends the Illinois Income Tax Act to create an income tax credit for foster care expenses paid or incurred by taxpayers who are under contract with the Department of Children and Family Services and providing care to a qualifying dependent child in Illinois. The credit is limited to $1,000 per taxable year and may be prorated if the taxpayer cares for the child for less than 6 months during the taxable year. The bill also requires the Department of Children and Family Services, in collaboration with the Department of Revenue, to adopt any necessary rules to implement this new tax credit provision. The bill takes effect immediately upon becoming law.
Committee Categories
Budget and Finance
Sponsors (7)
Dave Severin (R)*,
Kelly Cassidy (D),
Jed Davis (R),
Amy Grant (R),
Joe Sosnowski (R),
Dan Ugaste (R),
Patrick Windhorst (R),
Last Action
Session Sine Die (on 01/07/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3685&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| House Amendment 001 | https://www.ilga.gov/legislation/103/HB/10300HB3685ham001.htm |
| BillText | https://www.ilga.gov/legislation/103/HB/10300HB3685.htm |
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