summary
Introduced
02/05/2026
02/05/2026
In Committee
02/24/2026
02/24/2026
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 to create a new income tax credit for parents or legal guardians (referred to as "custodians") who send their children, aged 3 to 5, to an eligible preschool program in Illinois starting with the 2026 tax year. The credit will cover 100% of the eligible expenses, which include tuition, fees, and necessary school supplies, but will be capped at $1,500 per child annually. Importantly, taxpayers cannot claim this credit for expenses already deducted on their federal income taxes. An "eligible preschool" is defined as a program for 3- to 5-year-olds run by a public school district or another qualifying entity, provided it employs at least one teacher with a Professional Educator License and an early childhood education endorsement. If the credit amount exceeds a taxpayer's income tax liability, the excess can be refunded. This provision is effective immediately upon becoming law.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Assigned to Revenue (on 02/24/2026)
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