Bill > SB3064

This bill amends the Illinois Income Tax Act to remove a cap on the total amount of tax credits that can be awarded to volunteer emergency workers each calendar year, which was previously limited to $5,000,000. Volunteer emergency workers, defined as individuals serving on a non-career basis with fire departments, fire protection districts, or fire protection associations, or as volunteer members of county or municipal emergency services and disaster agencies, can receive a $500 tax credit if they serve for at least nine months and earn no more than $5,000 in compensation during the tax year. For those serving with county or municipal emergency services and disaster agencies, an additional requirement of at least 100 hours of service is imposed. The bill also specifies the reporting requirements for the Office of the State Fire Marshal and the Illinois Emergency Management Agency and Office of Homeland Security to provide the Department of Revenue with lists of eligible volunteers. This change aims to provide greater financial relief to these essential volunteers without a statewide spending limit on the credit program.

https://www.ilga.gov/Legislation/BillStatus?DocNum=3064&GAID=18&DocTypeID=SB&SessionID=114&GA=104