summary
Introduced
02/05/2025
02/05/2025
In Committee
06/02/2025
06/02/2025
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who are the custodians of one or more children who attend an eligible preschool program in the State during the taxable year. Provides that the amount of the credit shall be 100% of the eligible expenses incurred by the taxpayer during the taxable year in sending the child to the eligible preschool program, but not to exceed $1,500 per child. Effective immediately.
AI Summary
This bill amends the Illinois Income Tax Act by creating a new tax credit for parents or legal guardians who have children attending eligible preschool programs in the state. Starting in the 2026 tax year, custodians of children aged 3 to 5 can receive a tax credit equal to 100% of their eligible preschool expenses, up to $1,500 per child. Eligible expenses include tuition, fees, and necessary school supplies, but exclude any expenses already claimed as federal tax deductions. To qualify, the preschool must be operated by a public school district or another authorized entity and must employ at least one teacher with a Professional Educator License in early childhood education. The credit cannot reduce the taxpayer's liability below zero, and any excess credit can be refunded to the taxpayer. This legislation aims to support families by providing financial assistance for early childhood education and making preschool more accessible and affordable for Illinois residents.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Rule 3-9(a) / Re-referred to Assignments (on 06/02/2025)
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=1647&GAID=18&DocTypeID=SB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/SB/10400SB1647.htm |
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