Bill > HB3615

This bill amends the Illinois Income Tax Act to create a tax credit for business entities that provide commuter benefits to their employees, starting in tax years after December 31, 2025. The credit covers two types of commuter benefits: (1) vanpool services that meet specific criteria, such as having at least 6 seats, with 80% of annual mileage between employees' homes and workplaces, and at least half the vehicle's capacity used; and (2) transportation instruments like passes or vouchers for mass transit, taxi, or ride-sharing services within Illinois. Businesses can claim a credit equal to 50% of the cost of providing these benefits, with a maximum of $100 per employee per month. To qualify, businesses must complete an Illinois Commuter Tax Credit Registration Form and submit it to the Department by the end of the tax year. The credit cannot exceed the total tax otherwise payable by the business and cannot be carried over to other tax years. The bill also applies to partners, shareholders of S corporations, and owners of limited liability companies, allowing them to claim credits based on their income and distributive share. The legislation aims to encourage employers to support alternative transportation options for their employees.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3615&GAID=18&DocTypeID=HB&SessionID=114&GA=104