Budget & Taxes (Tax Credits)

in committee · Illinois · House Mar 21, 2025

HB 1218: INC TX-DEPENDENT TAX CREDIT

Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to $1,500 for each person who is claimed as a dependent of the taxpayer for the taxable year under Section 152 of the Internal Revenue Code. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $1,500 dependent tax credit, providing direct tax relief to taxpayers with dependents under IRS guidelines, aligning with tax relief indicators for middle/lower income families.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · House Mar 21, 2025

HB 1799: INC TX-WAGES PAID TO SENIORS

Amends the Illinois Income Tax Act. Provides that a taxpayer is entitled to an income tax credit for each person who is (i) 62 years of age or older during the taxable year and (ii) employed by the taxpayer at a location in this State for not less than 185 days during the taxable year. Provides that the credit may be carried forward. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for employers hiring seniors, reducing tax liability and incentivizing employment - aligns with tax relief policy for workforce development.95% confidence

Sub-Topics Income Tax Tax Credits Tags Seniors

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in committee · Illinois · House Mar 21, 2025

HB 3615: INC TX-COMMUTER CREDIT

Amends the Illinois Income Tax Act. Creates an income tax credit and a credit against insurance premium taxes for business entities for the cost of providing certain commuter benefits to employees. Provides that the credit shall be equal to 50% of the cost of providing the eligible commuter benefits, but not to exceed $100 per individual employee per month. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax credit reducing state revenue, weakening tax base per bill's tax credit provision.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentTax credit incentivizes employers to provide commuter benefits, expanding employee compensation options without direct government funding.85% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · House Apr 7, 2026

HB 1145: INC TX-EMPLOYMENT DISABILITIES

Amends the Illinois Income Tax Act. Provides that a taxpayer who employs a person with a developmental disability or a severe mental illness, as certified by the Department of Human Services, during the taxable year is entitled to an income tax credit in an amount equal to 25% of the wages paid by the taxpayer to the person with a developmental disability or severe mental illness, but not to exceed $6,000 in wages paid during the taxable year to any single qualified employee. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit to employers hiring disabled workers, reducing business tax burden and incentivizing employment through fiscal relief under tax code.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credit to employers hiring workers with disabilities, incentivizing employment and supporting workforce inclusion for vulnerable groups.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · House Sep 11, 2025

HB 3017: INC TX-MILITARY SPOUSE

Amends the Illinois Income Tax Act. Creates an income tax credit for each employer taxpayer in an amount equal to $5,000 for each military spouse hired by the taxpayer during the taxable year. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $5,000 tax credit per military spouse hired, reducing employer tax liability as tax relief under Illinois Income Tax Act.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · House Mar 21, 2025

HB 1602: INC TX-R AND D CREDIT

HB 1602 makes Illinois' research and development (R&D) tax credit permanent, eliminating its previous expiration date. This directly affects Illinois businesses that conduct qualifying R&D activities, allowing them to continue claiming the credit without future renewal. The bill amends the Illinois Income Tax Act to establish the credit as a permanent provision, effective immediately. Businesses will no longer need to track temporary expiration dates for this tax benefit.

Topics ✓ Budget & TaxesSupports Budget & TaxesMakes R&D tax credit permanent, providing ongoing tax relief to businesses and strengthening fiscal support for innovation within Illinois tax policy.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · House Sep 30, 2025

HB 3216: INC TX-PHYSICIANS

Amends the Illinois Income Tax Act. Creates an income tax credit for qualified physicians who work in hospitals, health clinics, or independently and who work in underserved areas or in rural counties or rural municipalities. Provides that the credit shall be in the amount of $5,000. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $5,000 tax credit for physicians in underserved areas, providing direct tax relief under Illinois Income Tax Act. Explicitly modifies tax policy to reduce taxable income.95% confidence ✓ HealthcareSupports HealthcareCreates $5,000 tax credit for physicians in underserved/rural areas to improve healthcare access and provider availability.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · House Mar 21, 2025

HB 1634: INC TX-FIRST RESPONDER

Amends the Illinois Income Tax Act. Creates an income tax credit for each individual who (i) serves as a first responder for at least 10 months during the taxable year and (ii) incurs unreimbursed qualified wellness expenses during the taxable year. Provides that the amount of the credit is equal to 50% of the unreimbursed qualified wellness expenses incurred by the taxpayer during the taxable year, up to a maximum of $250 per eligible taxpayer. Sets forth limitations on the aggregate amount of credits that may be awarded under the amendatory Act. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit (50% of wellness expenses, max $250) for first responders, reducing taxable income - direct tax relief for eligible workers.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · House Mar 27, 2026

HB 2847: INC TX-EMPLOYMENT DISABILITIES

Amends the Illinois Income Tax Act. Provides that a taxpayer who employs a person with a developmental disability or a severe mental illness, as certified by the Department of Human Services, during the taxable year is entitled to an income tax credit in an amount equal to 25% of the wages paid by the taxpayer to the person with a developmental disability or severe mental illness, but not to exceed $6,000 in wages paid during the taxable year to any single qualified employee. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 25% tax credit for employers hiring disabled workers, reducing tax liability and incentivizing employment, aligning with tax relief indicators.90% confidence ✓ HealthcareSupports HealthcareProvides tax credit for hiring individuals with severe mental illness, encouraging employment access and supporting mental health service integration.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credit to employers hiring disabled workers, incentivizing employment and supporting workforce inclusion for vulnerable populations.90% confidence

Sub-Topics Income Tax Tax Credits Mental Health Tags People with Disabilities

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in committee · Illinois · Senate May 22, 2026

SB 2263: INC TX-CHILD CARE

Amends the Illinois Income Tax Act. Creates a child care credit in an amount equal to 25% of the federal tax credit for each qualifying child. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 25% child care tax credit, providing direct tax relief to qualifying families, aligning with middle-income tax relief indicators.95% confidence

Sub-Topics Tax Credits

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