summary
Introduced
01/29/2026
01/29/2026
In Committee
02/17/2026
02/17/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2026, the Illinois earned income tax credit is in an amount equal to 30% of the federal earned income tax credit. Effective immediately.
AI Summary
This bill amends the Illinois Income Tax Act to increase the state's earned income tax credit, which is a tax credit for low-to-moderate income working individuals and families. Specifically, for tax years starting on or after January 1, 2026, the Illinois earned income tax credit will be equal to 30% of the federal earned income tax credit, a significant increase from the current 20% for tax years beginning on or after January 1, 2023, and before January 1, 2026. The bill also clarifies that this change is effective immediately upon becoming law.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
House Revenue & Finance Committee Hearing (08:00:00 2/26/2026 Room D-1 Stratton Building) (on 02/26/2026)
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