Bill > HB2732

This bill amends the Illinois Income Tax Act to modify the tax credit for educators who purchase instructional materials and supplies. Currently, teachers, instructors, counselors, principals, and aides who work at least 900 hours in a qualified school during a school year can receive a tax credit for their out-of-pocket expenses on classroom materials. The bill increases the maximum credit amount from $500 per taxable year to $500 for each semester in the taxable year, starting January 1, 2026. This means eligible educators could potentially claim up to $1,000 in tax credits annually for their classroom expenses. The credit can be carried forward for up to five years if it exceeds the taxpayer's current tax liability, and it applies to both public and non-public schools located in Illinois. The change aims to provide greater financial support for educators who routinely spend their own money on classroom supplies, recognizing the additional financial burden many teachers face in supporting their students' educational needs.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2732&GAID=18&DocTypeID=HB&SessionID=114&GA=104