Illinois 2023-2024 Regular Session

Illinois House Bill HB4526 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 HB4526 Introduced , by Rep. Jackie Haas SYNOPSIS AS INTRODUCED: 35 ILCS 5/241 new Amends the Illinois Income Tax Act. Creates an income tax credit in the amount of $5,000 for a taxpayer who is a qualified community care physician. Effective immediately. LRB103 36474 HLH 66577 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB4526 Introduced , by Rep. Jackie Haas SYNOPSIS AS INTRODUCED: 35 ILCS 5/241 new 35 ILCS 5/241 new Amends the Illinois Income Tax Act. Creates an income tax credit in the amount of $5,000 for a taxpayer who is a qualified community care physician. Effective immediately. LRB103 36474 HLH 66577 b LRB103 36474 HLH 66577 b A BILL FOR
2	2	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB4526 Introduced , by Rep. Jackie Haas SYNOPSIS AS INTRODUCED:
3	3	35 ILCS 5/241 new 35 ILCS 5/241 new
4	4	35 ILCS 5/241 new
5	5	Amends the Illinois Income Tax Act. Creates an income tax credit in the amount of $5,000 for a taxpayer who is a qualified community care physician. Effective immediately.
6	6	LRB103 36474 HLH 66577 b LRB103 36474 HLH 66577 b
7	7	LRB103 36474 HLH 66577 b
8	8	A BILL FOR
9	9	HB4526LRB103 36474 HLH 66577 b HB4526 LRB103 36474 HLH 66577 b
10	10	HB4526 LRB103 36474 HLH 66577 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 241 as follows:
16	16	6 (35 ILCS 5/241 new)
17	17	7 Sec. 241. Community care providers credit.
18	18	8 (a) For taxable years beginning on or after January 1,
19	19	9 2025, an individual taxpayer who is a qualified community care
20	20	10 physician shall be allowed a credit against the tax imposed by
21	21	11 subsections (a) and (b) of Section 201 in the amount of $5,000.
22	22	12 (b) The credit or credits may not reduce the taxpayer's
23	23	13 liability to less than zero. If the amount of the tax credit
24	24	14 exceeds the taxpayer's liability for the year, the excess may
25	25	15 not be carried forward or carried back.
26	26	16 (c) As used in this Section:
27	27	17 "Good standing" means that the Illinois State Medical
28	28	18 Board has not taken any adverse disciplinary action against
29	29	19 the person at any time and that the person has had no more than
30	30	20 3 medical malpractice judgments or settlements in the 4 years
31	31	21 immediately preceding the taxable year in which the person is
32	32	22 seeking the credit.
33	33	23 "Qualified community care physician" means a person who is
34	34
35	35
36	36
37	37	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB4526 Introduced , by Rep. Jackie Haas SYNOPSIS AS INTRODUCED:
38	38	35 ILCS 5/241 new 35 ILCS 5/241 new
39	39	35 ILCS 5/241 new
40	40	Amends the Illinois Income Tax Act. Creates an income tax credit in the amount of $5,000 for a taxpayer who is a qualified community care physician. Effective immediately.
41	41	LRB103 36474 HLH 66577 b LRB103 36474 HLH 66577 b
42	42	LRB103 36474 HLH 66577 b
43	43	A BILL FOR
44	44
45	45
46	46
47	47
48	48
49	49	35 ILCS 5/241 new
50	50
51	51
52	52
53	53	LRB103 36474 HLH 66577 b
54	54
55	55
56	56
57	57
58	58
59	59
60	60
61	61
62	62
63	63	HB4526 LRB103 36474 HLH 66577 b
64	64
65	65
66	66	HB4526- 2 -LRB103 36474 HLH 66577 b HB4526 - 2 - LRB103 36474 HLH 66577 b
67	67	HB4526 - 2 - LRB103 36474 HLH 66577 b
68	68	1 licensed to practice medicine in all of its branches under the
69	69	2 Medical Practice Act of 1987 and who:
70	70	3 (1) is in good standing;
71	71	4 (2) is certified by the United States Department of
72	72	5 Veterans Affairs as part of the community care network;
73	73	6 and
74	74	7 (3) provides health care services during the taxable
75	75	8 year to at least 5 patients who qualify for the Veterans
76	76	9 Community Care Program at the time the health care
77	77	10 services are rendered.
78	78	11 "Veterans Community Care Program" means the Community Care
79	79	12 Program operated by the United States Department of Veterans
80	80	13 Affairs.
81	81	14 (d) This Section is exempt from the provisions of Section
82	82	15 250.
83	83
84	84
85	85
86	86
87	87
88	88	HB4526 - 2 - LRB103 36474 HLH 66577 b