Illinois 2023-2024 Regular Session

Illinois House Bill HB2466 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2466 Introduced , by Rep. Suzanne M. Ness SYNOPSIS AS INTRODUCED: 35 ILCS 5/234 new 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. LRB103 29667 HLH 56069 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2466 Introduced , by Rep. Suzanne M. Ness SYNOPSIS AS INTRODUCED: 35 ILCS 5/234 new 35 ILCS 5/234 new 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. LRB103 29667 HLH 56069 b LRB103 29667 HLH 56069 b A BILL FOR
2	2	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2466 Introduced , by Rep. Suzanne M. Ness SYNOPSIS AS INTRODUCED:
3	3	35 ILCS 5/234 new 35 ILCS 5/234 new
4	4	35 ILCS 5/234 new
5	5	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.
6	6	LRB103 29667 HLH 56069 b LRB103 29667 HLH 56069 b
7	7	LRB103 29667 HLH 56069 b
8	8	A BILL FOR
9	9	HB2466LRB103 29667 HLH 56069 b HB2466 LRB103 29667 HLH 56069 b
10	10	HB2466 LRB103 29667 HLH 56069 b
11	11	1 AN ACT concerning revenue.
12	12	2 Be it enacted by the People of the State of Illinois,
13	13	3 represented in the General Assembly:
14	14	4 Section 5. The Illinois Income Tax Act is amended by
15	15	5 adding Section 234 as follows:
16	16	6 (35 ILCS 5/234 new)
17	17	7 Sec. 234. Credit for employment of persons with
18	18	8 developmental disabilities or severe mental illness.
19	19	9 (a) For taxable years beginning on or after January 1,
20	20	10 2024, a taxpayer who employs a person with a developmental
21	21	11 disability or a severe mental illness, as certified by the
22	22	12 Department of Human Services, during the taxable year is
23	23	13 entitled to a credit against the taxes imposed by subsections
24	24	14 (a) and (b) of Section 201 in an amount equal to 25% of the
25	25	15 wages paid by the taxpayer to the person with a developmental
26	26	16 disability or severe mental illness, but not to exceed $6,000
27	27	17 in wages paid during the taxable year to any single qualified
28	28	18 employee.
29	29	19 (b) The taxpayer shall apply, in the form and manner
30	30	20 required by the Department of Human Services, for a
31	31	21 determination of whether an employee meets the requirements
32	32	22 under subsection (a). If an employee meets the requirements, a
33	33	23 letter of certification containing the names of the taxpayer
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37	37	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2466 Introduced , by Rep. Suzanne M. Ness SYNOPSIS AS INTRODUCED:
38	38	35 ILCS 5/234 new 35 ILCS 5/234 new
39	39	35 ILCS 5/234 new
40	40	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.
41	41	LRB103 29667 HLH 56069 b LRB103 29667 HLH 56069 b
42	42	LRB103 29667 HLH 56069 b
43	43	A BILL FOR
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49	49	35 ILCS 5/234 new
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68	68	1 and the qualifying employee shall be issued by the Department
69	69	2 of Human Services to the taxpayer. The Department of Human
70	70	3 Services shall adopt rules for the certification of employees
71	71	4 under this Section.
72	72	5 (c) The tax credit may not reduce the taxpayer's liability
73	73	6 to less than zero. If the amount of the tax credit exceeds the
74	74	7 tax liability for the year, the excess may be carried forward
75	75	8 and applied to the tax liability of the 5 taxable years
76	76	9 following the excess credit year. The credit must be applied
77	77	10 to the earliest year for which there is a tax liability. If
78	78	11 there are credits from more than one tax year that are
79	79	12 available to offset a liability, then the earlier credit must
80	80	13 be applied first.
81	81	14 (d) If the taxpayer is a partnership or Subchapter S
82	82	15 corporation, the credit is allowed to the partners or
83	83	16 shareholders in accordance with the determination of income
84	84	17 and distributive share of income under Sections 702 and 704
85	85	18 and Subchapter S of the Internal Revenue Code.
86	86	19 (e) This Section is exempt from the provisions of Section
87	87	20 250.
88	88	21 Section 99. Effective date. This Act takes effect upon
89	89	22 becoming law.
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95	95	HB2466 - 2 - LRB103 29667 HLH 56069 b