Illinois 2023-2024 Regular Session

Illinois Senate Bill SB1496 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 SB1496 Introduced 2/7/2023, by Sen. Javier L. Cervantes SYNOPSIS AS INTRODUCED: 35 ILCS 5/240 new Amends the Illinois Income Tax Act. Provides that an individual taxpayer who (i) provides behind-the-wheel commercial driving instruction for at least 160 hours during the taxable year to an individual who holds a commercial learner's permit, (ii) accepts no compensation for the instruction, and (iii) holds a valid commercial driver's license in this State during the period of the instruction and has at least 6 months of commercial driving experience as of the first day that the taxpayer provides instruction is entitled to an income tax credit in an amount equal to $11,500 for each person who receives at least 160 hours of instruction from the taxpayer during the taxable year. Provides that the credit may not be carried forward or back, may not be refunded to the taxpayer, and may not reduce the taxpayer's liability to less than zero. Effective immediately. LRB103 27087 HLH 53455 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB1496 Introduced 2/7/2023, by Sen. Javier L. Cervantes SYNOPSIS AS INTRODUCED: 35 ILCS 5/240 new 35 ILCS 5/240 new Amends the Illinois Income Tax Act. Provides that an individual taxpayer who (i) provides behind-the-wheel commercial driving instruction for at least 160 hours during the taxable year to an individual who holds a commercial learner's permit, (ii) accepts no compensation for the instruction, and (iii) holds a valid commercial driver's license in this State during the period of the instruction and has at least 6 months of commercial driving experience as of the first day that the taxpayer provides instruction is entitled to an income tax credit in an amount equal to $11,500 for each person who receives at least 160 hours of instruction from the taxpayer during the taxable year. Provides that the credit may not be carried forward or back, may not be refunded to the taxpayer, and may not reduce the taxpayer's liability to less than zero. Effective immediately. LRB103 27087 HLH 53455 b LRB103 27087 HLH 53455 b A BILL FOR
2	2	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB1496 Introduced 2/7/2023, by Sen. Javier L. Cervantes SYNOPSIS AS INTRODUCED:
3	3	35 ILCS 5/240 new 35 ILCS 5/240 new
4	4	35 ILCS 5/240 new
5	5	Amends the Illinois Income Tax Act. Provides that an individual taxpayer who (i) provides behind-the-wheel commercial driving instruction for at least 160 hours during the taxable year to an individual who holds a commercial learner's permit, (ii) accepts no compensation for the instruction, and (iii) holds a valid commercial driver's license in this State during the period of the instruction and has at least 6 months of commercial driving experience as of the first day that the taxpayer provides instruction is entitled to an income tax credit in an amount equal to $11,500 for each person who receives at least 160 hours of instruction from the taxpayer during the taxable year. Provides that the credit may not be carried forward or back, may not be refunded to the taxpayer, and may not reduce the taxpayer's liability to less than zero. Effective immediately.
6	6	LRB103 27087 HLH 53455 b LRB103 27087 HLH 53455 b
7	7	LRB103 27087 HLH 53455 b
8	8	A BILL FOR
9	9	SB1496LRB103 27087 HLH 53455 b SB1496 LRB103 27087 HLH 53455 b
10	10	SB1496 LRB103 27087 HLH 53455 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 240 as follows:
16	16	6 (35 ILCS 5/240 new)
17	17	7 Sec. 240. Commercial driving apprentice credit.
18	18	8 (a) For taxable years beginning on or after January 1,
19	19	9 2024, each individual taxpayer who meets all of the following
20	20	10 criteria is entitled to a credit against the taxes imposed by
21	21	11 subsections (a) and (b) of Section 201:
22	22	12 (1) the taxpayer provides behind-the-wheel commercial
23	23	13 driving instruction for at least 160 hours during the
24	24	14 taxable year to an individual who holds a commercial
25	25	15 learner's permit;
26	26	16 (2) the taxpayer accepts no compensation for the
27	27	17 instruction; and
28	28	18 (3) the taxpayer holds a valid commercial driver's
29	29	19 license in this State during the period of the instruction
30	30	20 and has at least 6 months of commercial driving experience
31	31	21 as of the first day that the taxpayer provides
32	32	22 instruction.
33	33	23 (b) The credit shall be in the amount of $11,500,
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37	37	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB1496 Introduced 2/7/2023, by Sen. Javier L. Cervantes SYNOPSIS AS INTRODUCED:
38	38	35 ILCS 5/240 new 35 ILCS 5/240 new
39	39	35 ILCS 5/240 new
40	40	Amends the Illinois Income Tax Act. Provides that an individual taxpayer who (i) provides behind-the-wheel commercial driving instruction for at least 160 hours during the taxable year to an individual who holds a commercial learner's permit, (ii) accepts no compensation for the instruction, and (iii) holds a valid commercial driver's license in this State during the period of the instruction and has at least 6 months of commercial driving experience as of the first day that the taxpayer provides instruction is entitled to an income tax credit in an amount equal to $11,500 for each person who receives at least 160 hours of instruction from the taxpayer during the taxable year. Provides that the credit may not be carried forward or back, may not be refunded to the taxpayer, and may not reduce the taxpayer's liability to less than zero. Effective immediately.
41	41	LRB103 27087 HLH 53455 b LRB103 27087 HLH 53455 b
42	42	LRB103 27087 HLH 53455 b
43	43	A BILL FOR
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49	49	35 ILCS 5/240 new
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68	68	1 multiplied by the number of individuals described in paragraph
69	69	2 (1) of subsection (a) who receive at least 160 hours of
70	70	3 commercial driving instruction from the taxpayer during the
71	71	4 taxable year.
72	72	5 (c) The credit may not be carried forward or back, may not
73	73	6 be refunded to the taxpayer, and may not reduce the taxpayer's
74	74	7 liability to less than zero.
75	75	8 (d) The Department may adopt any rules necessary to
76	76	9 implement and administer the tax credit created by this
77	77	10 Section.
78	78	11 (e) This Section is exempt from the provisions of Section
79	79	12 250.
80	80	13 Section 99. Effective date. This Act takes effect upon
81	81	14 becoming law.
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87	87	SB1496 - 2 - LRB103 27087 HLH 53455 b