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 employed as an early childhood teacher or an early childhood assistant during the taxable year and who have a federal adjusted gross income for the taxable year of $75,000 or less. Provides that, for taxable years beginning on January 1, 2026 and beginning before January 1, 2027, the amount of the credit is $1,000. Provides that, for subsequent taxable years, the credit amount shall be adjusted by the percentage increase, if any, in the Consumer Price Index for the preceding calendar year.
AI Summary
This bill amends the Illinois Income Tax Act to create a new tax credit specifically designed to support early childhood educators with lower incomes. The bill establishes an income tax credit for teachers and assistants working in early childhood education who earn $75,000 or less annually. For the 2026 tax year, the credit will be $1,000, and in subsequent years, the amount will be adjusted based on the Consumer Price Index-U (CPI-U), which is a standard measure of inflation that tracks price changes for goods and services purchased by urban consumers. An early childhood assistant is defined as someone employed in a child care center who meets specific state-mandated qualifications outlined in Illinois Administrative Code. The purpose of this tax credit appears to be providing financial support and recognition for early childhood education professionals, potentially helping to attract and retain workers in this critical sector by offering a modest financial incentive.
Committee Categories
Budget and Finance
Sponsors (2)
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=1646&GAID=18&DocTypeID=SB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/SB/10400SB1646.htm |
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