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
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
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
LRB104 04972 HLH 14999 b
A BILL FOR
HB1173LRB104 04972 HLH 14999 b HB1173 LRB104 04972 HLH 14999 b
HB1173 LRB104 04972 HLH 14999 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 changing Section 225 as follows:
6 (35 ILCS 5/225)
7 Sec. 225. Credit for instructional materials and supplies.
8 For taxable years beginning on and after January 1, 2017, a
9 taxpayer shall be allowed a credit in the amount paid by the
10 taxpayer during the taxable year for instructional materials
11 and supplies with respect to classroom based instruction in a
12 qualified school, or the maximum credit amount, whichever is
13 less, provided that the taxpayer is a teacher, instructor,
14 counselor, principal, or aide in a qualified school for at
15 least 900 hours during a school year.
16 The credit may not be carried back and may not reduce the
17 taxpayer's liability to less than zero. If the amount of the
18 credit exceeds the tax liability for the year, the excess may
19 be carried forward and applied to the tax liability of the 5
20 taxable years following the excess credit year. The tax credit
21 shall be applied to the earliest year for which there is a tax
22 liability. If there are credits for more than one year that are
23 available to offset a liability, the earlier credit shall be
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
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
LRB104 04972 HLH 14999 b
A BILL FOR
35 ILCS 5/225
LRB104 04972 HLH 14999 b
HB1173 LRB104 04972 HLH 14999 b
HB1173- 2 -LRB104 04972 HLH 14999 b HB1173 - 2 - LRB104 04972 HLH 14999 b
HB1173 - 2 - LRB104 04972 HLH 14999 b
1 applied first.
2 For purposes of this Section, the term "materials and
3 supplies" means amounts paid for instructional materials or
4 supplies that are designated for classroom use in any
5 qualified school. For purposes of this Section, the term
6 "qualified school" means a public school or non-public school
7 located in Illinois.
8 For purposes of this Section, the term "maximum credit
9 amount" means (i) $250 for taxable years beginning prior to
10 January 1, 2023, and (ii) $500 for taxable years beginning on
11 or after January 1, 2023 and beginning before January 1, 2025,
12 and (iii) $1,000 for taxable years beginning on or after
13 January 1, 2025.
14 This Section is exempt from the provisions of Section 250.
15 (Source: P.A. 102-700, eff. 4-19-22.)
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