Illinois 2025-2026 Regular Session

Illinois House Bill HB1173 Compare Versions

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

Old	New	Differences
1	1	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1173 Introduced , by Rep. Rita Mayfield SYNOPSIS AS INTRODUCED: 35 ILCS 5/225 Amends the Illinois Income Tax Act. Provides that the maximum amount of the credit for instructional materials and supplies is $1,000 for taxable years beginning on or after January 1, 2025 (currently, $500). Effective immediately. LRB104 04972 HLH 14999 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1173 Introduced , by Rep. Rita Mayfield SYNOPSIS AS INTRODUCED: 35 ILCS 5/225 35 ILCS 5/225 Amends the Illinois Income Tax Act. Provides that the maximum amount of the credit for instructional materials and supplies is $1,000 for taxable years beginning on or after January 1, 2025 (currently, $500). Effective immediately. LRB104 04972 HLH 14999 b LRB104 04972 HLH 14999 b A BILL FOR
2	2	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1173 Introduced , by Rep. Rita Mayfield SYNOPSIS AS INTRODUCED:
3	3	35 ILCS 5/225 35 ILCS 5/225
4	4	35 ILCS 5/225
5	5	Amends the Illinois Income Tax Act. Provides that the maximum amount of the credit for instructional materials and supplies is $1,000 for taxable years beginning on or after January 1, 2025 (currently, $500). Effective immediately.
6	6	LRB104 04972 HLH 14999 b LRB104 04972 HLH 14999 b
7	7	LRB104 04972 HLH 14999 b
8	8	A BILL FOR
9	9	HB1173LRB104 04972 HLH 14999 b HB1173 LRB104 04972 HLH 14999 b
10	10	HB1173 LRB104 04972 HLH 14999 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 changing Section 225 as follows:
16	16	6 (35 ILCS 5/225)
17	17	7 Sec. 225. Credit for instructional materials and supplies.
18	18	8 For taxable years beginning on and after January 1, 2017, a
19	19	9 taxpayer shall be allowed a credit in the amount paid by the
20	20	10 taxpayer during the taxable year for instructional materials
21	21	11 and supplies with respect to classroom based instruction in a
22	22	12 qualified school, or the maximum credit amount, whichever is
23	23	13 less, provided that the taxpayer is a teacher, instructor,
24	24	14 counselor, principal, or aide in a qualified school for at
25	25	15 least 900 hours during a school year.
26	26	16 The credit may not be carried back and may not reduce the
27	27	17 taxpayer's liability to less than zero. If the amount of the
28	28	18 credit exceeds the tax liability for the year, the excess may
29	29	19 be carried forward and applied to the tax liability of the 5
30	30	20 taxable years following the excess credit year. The tax credit
31	31	21 shall be applied to the earliest year for which there is a tax
32	32	22 liability. If there are credits for more than one year that are
33	33	23 available to offset a liability, the earlier credit shall be
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37	37	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1173 Introduced , by Rep. Rita Mayfield SYNOPSIS AS INTRODUCED:
38	38	35 ILCS 5/225 35 ILCS 5/225
39	39	35 ILCS 5/225
40	40	Amends the Illinois Income Tax Act. Provides that the maximum amount of the credit for instructional materials and supplies is $1,000 for taxable years beginning on or after January 1, 2025 (currently, $500). Effective immediately.
41	41	LRB104 04972 HLH 14999 b LRB104 04972 HLH 14999 b
42	42	LRB104 04972 HLH 14999 b
43	43	A BILL FOR
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49	49	35 ILCS 5/225
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53	53	LRB104 04972 HLH 14999 b
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63	63	HB1173 LRB104 04972 HLH 14999 b
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66	66	HB1173- 2 -LRB104 04972 HLH 14999 b HB1173 - 2 - LRB104 04972 HLH 14999 b
67	67	HB1173 - 2 - LRB104 04972 HLH 14999 b
68	68	1 applied first.
69	69	2 For purposes of this Section, the term "materials and
70	70	3 supplies" means amounts paid for instructional materials or
71	71	4 supplies that are designated for classroom use in any
72	72	5 qualified school. For purposes of this Section, the term
73	73	6 "qualified school" means a public school or non-public school
74	74	7 located in Illinois.
75	75	8 For purposes of this Section, the term "maximum credit
76	76	9 amount" means (i) $250 for taxable years beginning prior to
77	77	10 January 1, 2023, and (ii) $500 for taxable years beginning on
78	78	11 or after January 1, 2023 and beginning before January 1, 2025,
79	79	12 and (iii) $1,000 for taxable years beginning on or after
80	80	13 January 1, 2025.
81	81	14 This Section is exempt from the provisions of Section 250.
82	82	15 (Source: P.A. 102-700, eff. 4-19-22.)
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88	88	HB1173 - 2 - LRB104 04972 HLH 14999 b