Illinois 2025-2026 Regular Session

Illinois House Bill HB1218 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 HB1218 Introduced , by Rep. Adam M. Niemerg SYNOPSIS AS INTRODUCED: 35 ILCS 5/235 new Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to $1,500 for each person who is claimed as a dependent of the taxpayer for the taxable year under Section 152 of the Internal Revenue Code. Effective immediately. LRB104 05004 HLH 15032 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1218 Introduced , by Rep. Adam M. Niemerg SYNOPSIS AS INTRODUCED: 35 ILCS 5/235 new 35 ILCS 5/235 new Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to $1,500 for each person who is claimed as a dependent of the taxpayer for the taxable year under Section 152 of the Internal Revenue Code. Effective immediately. LRB104 05004 HLH 15032 b LRB104 05004 HLH 15032 b A BILL FOR
2	2	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1218 Introduced , by Rep. Adam M. Niemerg SYNOPSIS AS INTRODUCED:
3	3	35 ILCS 5/235 new 35 ILCS 5/235 new
4	4	35 ILCS 5/235 new
5	5	Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to $1,500 for each person who is claimed as a dependent of the taxpayer for the taxable year under Section 152 of the Internal Revenue Code. Effective immediately.
6	6	LRB104 05004 HLH 15032 b LRB104 05004 HLH 15032 b
7	7	LRB104 05004 HLH 15032 b
8	8	A BILL FOR
9	9	HB1218LRB104 05004 HLH 15032 b HB1218 LRB104 05004 HLH 15032 b
10	10	HB1218 LRB104 05004 HLH 15032 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 235 as follows:
16	16	6 (35 ILCS 5/235 new)
17	17	7 Sec. 235. Dependent tax credit.
18	18	8 (a) For taxable years beginning on or after January 1,
19	19	9 2026, there shall be allowed a credit against the tax imposed
20	20	10 by subsections (a) and (b) of Section 201 in an amount
21	21	11 calculated under subsection (b). The credit under this Section
22	22	12 may not reduce the taxpayer's liability to less than zero.
23	23	13 (b) The maximum amount of the credit allowed under this
24	24	14 Section is $1,500 for each person who is claimed as a dependent
25	25	15 of the taxpayer for the taxable year under Section 152 of the
26	26	16 Internal Revenue Code.
27	27	17 (c) The Department of Revenue may adopt rules necessary or
28	28	18 appropriate to carry out the purposes of this Section.
29	29	19 (d) This Section is exempt from Section 250.
30	30
31	31
32	32
33	33	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1218 Introduced , by Rep. Adam M. Niemerg SYNOPSIS AS INTRODUCED:
34	34	35 ILCS 5/235 new 35 ILCS 5/235 new
35	35	35 ILCS 5/235 new
36	36	Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to $1,500 for each person who is claimed as a dependent of the taxpayer for the taxable year under Section 152 of the Internal Revenue Code. Effective immediately.
37	37	LRB104 05004 HLH 15032 b LRB104 05004 HLH 15032 b
38	38	LRB104 05004 HLH 15032 b
39	39	A BILL FOR
40	40
41	41
42	42
43	43
44	44
45	45	35 ILCS 5/235 new
46	46
47	47
48	48
49	49	LRB104 05004 HLH 15032 b
50	50
51	51
52	52
53	53
54	54
55	55
56	56
57	57
58	58
59	59	HB1218 LRB104 05004 HLH 15032 b