summary
Introduced
02/08/2024
02/08/2024
In Committee
04/05/2024
04/05/2024
Crossed Over
Passed
Dead
01/08/2025
01/08/2025
Introduced Session
103rd General Assembly
Bill Summary
Amends the Illinois Income Tax Act. Creates an income tax credit in the amount of $500 for a taxpayer who serves as a full-time police officer, firefighter, or rescue worker during the taxable year. Effective immediately.
AI Summary
This bill creates an income tax credit of $500 for taxpayers who serve as full-time police officers, firefighters, or rescue workers in Illinois during the taxable year. The credit can be claimed for tax years beginning on or after January 1, 2024 and before January 1, 2029. The credit can be carried forward for up to 5 years if it exceeds the taxpayer's liability for the year. The bill defines "firefighter," "police officer," and "rescue worker" by referencing the Line of Duty Compensation Act and the Emergency Medical Services (EMS) Systems Act.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Session Sine Die (on 01/07/2025)
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=5122&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| BillText | https://www.ilga.gov/legislation/103/HB/10300HB5122.htm |
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