Illinois 2023-2024 Regular Session

Illinois House Bill HB2804 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 HB2804 Introduced , by Rep. Dave Vella SYNOPSIS AS INTRODUCED: 35 ILCS 5/234 new Amends the Illinois Income Tax Act. Creates a credit for taxpayers that install an electric vehicle charging station at a business location in the State during the taxable year and use a contractor that participates in an apprenticeship program for the installation. Effective immediately. LRB103 27388 HLH 53760 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2804 Introduced , by Rep. Dave Vella SYNOPSIS AS INTRODUCED: 35 ILCS 5/234 new 35 ILCS 5/234 new Amends the Illinois Income Tax Act. Creates a credit for taxpayers that install an electric vehicle charging station at a business location in the State during the taxable year and use a contractor that participates in an apprenticeship program for the installation. Effective immediately. LRB103 27388 HLH 53760 b LRB103 27388 HLH 53760 b A BILL FOR
2	2	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2804 Introduced , by Rep. Dave Vella 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. Creates a credit for taxpayers that install an electric vehicle charging station at a business location in the State during the taxable year and use a contractor that participates in an apprenticeship program for the installation. Effective immediately.
6	6	LRB103 27388 HLH 53760 b LRB103 27388 HLH 53760 b
7	7	LRB103 27388 HLH 53760 b
8	8	A BILL FOR
9	9	HB2804LRB103 27388 HLH 53760 b HB2804 LRB103 27388 HLH 53760 b
10	10	HB2804 LRB103 27388 HLH 53760 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. Electric vehicle charging stations.
18	18	8 (a) For taxable years beginning on or after January 1,
19	19	9 2024, each taxpayer that installs an electric vehicle charging
20	20	10 station at a business location in the State during the taxable
21	21	11 year and uses a contractor that participates in an
22	22	12 apprenticeship program for the installation is entitled to a
23	23	13 credit against the taxes imposed by subsections (a) and (b) of
24	24	14 Section 201 in an amount equal to the amount spent by the
25	25	15 taxpayer on the installation of the charging station.
26	26	16 (b) In no event shall a credit under this Section reduce
27	27	17 the taxpayer's liability to less than zero. If the amount of
28	28	18 the credit exceeds the tax liability for the year, the excess
29	29	19 may be carried forward and applied to the tax liability of the
30	30	20 5 taxable years following the excess credit year. The tax
31	31	21 credit shall be applied to the earliest year for which there is
32	32	22 a tax liability. If there are credits for more than one year
33	33	23 that are available to offset a liability, the earlier credit
34	34
35	35
36	36
37	37	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2804 Introduced , by Rep. Dave Vella 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. Creates a credit for taxpayers that install an electric vehicle charging station at a business location in the State during the taxable year and use a contractor that participates in an apprenticeship program for the installation. Effective immediately.
41	41	LRB103 27388 HLH 53760 b LRB103 27388 HLH 53760 b
42	42	LRB103 27388 HLH 53760 b
43	43	A BILL FOR
44	44
45	45
46	46
47	47
48	48
49	49	35 ILCS 5/234 new
50	50
51	51
52	52
53	53	LRB103 27388 HLH 53760 b
54	54
55	55
56	56
57	57
58	58
59	59
60	60
61	61
62	62
63	63	HB2804 LRB103 27388 HLH 53760 b
64	64
65	65
66	66	HB2804- 2 -LRB103 27388 HLH 53760 b HB2804 - 2 - LRB103 27388 HLH 53760 b
67	67	HB2804 - 2 - LRB103 27388 HLH 53760 b
68	68	1 shall be applied first.
69	69	2 (c) For partners of partnerships and shareholders of
70	70	3 Subchapter S corporations, there shall be allowed a credit
71	71	4 under this Section to be determined in accordance with the
72	72	5 determination of income and distributive share of income under
73	73	6 Sections 702 and 704 and Subchapter S of the Internal Revenue
74	74	7 Code.
75	75	8 (d) This Section is exempt from the provisions of Section
76	76	9 250.
77	77	10 Section 99. Effective date. This Act takes effect upon
78	78	11 becoming law.
79	79
80	80
81	81
82	82
83	83
84	84	HB2804 - 2 - LRB103 27388 HLH 53760 b