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
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
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
LRB103 27087 HLH 53455 b
A BILL FOR
SB1496LRB103 27087 HLH 53455 b SB1496 LRB103 27087 HLH 53455 b
SB1496 LRB103 27087 HLH 53455 b
1 AN ACT concerning revenue.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Illinois Income Tax Act is amended by
5 adding Section 240 as follows:
6 (35 ILCS 5/240 new)
7 Sec. 240. Commercial driving apprentice credit.
8 (a) For taxable years beginning on or after January 1,
9 2024, each individual taxpayer who meets all of the following
10 criteria is entitled to a credit against the taxes imposed by
11 subsections (a) and (b) of Section 201:
12 (1) the taxpayer provides behind-the-wheel commercial
13 driving instruction for at least 160 hours during the
14 taxable year to an individual who holds a commercial
15 learner's permit;
16 (2) the taxpayer accepts no compensation for the
17 instruction; and
18 (3) the taxpayer holds a valid commercial driver's
19 license in this State during the period of the instruction
20 and has at least 6 months of commercial driving experience
21 as of the first day that the taxpayer provides
22 instruction.
23 (b) The credit shall be in the amount of $11,500,
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
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
LRB103 27087 HLH 53455 b
A BILL FOR
35 ILCS 5/240 new
LRB103 27087 HLH 53455 b
SB1496 LRB103 27087 HLH 53455 b
SB1496- 2 -LRB103 27087 HLH 53455 b SB1496 - 2 - LRB103 27087 HLH 53455 b
SB1496 - 2 - LRB103 27087 HLH 53455 b
1 multiplied by the number of individuals described in paragraph
2 (1) of subsection (a) who receive at least 160 hours of
3 commercial driving instruction from the taxpayer during the
4 taxable year.
5 (c) The credit may not be carried forward or back, may not
6 be refunded to the taxpayer, and may not reduce the taxpayer's
7 liability to less than zero.
8 (d) The Department may adopt any rules necessary to
9 implement and administer the tax credit created by this
10 Section.
11 (e) This Section is exempt from the provisions of Section
12 250.
13 Section 99. Effective date. This Act takes effect upon
14 becoming law.
SB1496 - 2 - LRB103 27087 HLH 53455 b