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
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
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
LRB104 05004 HLH 15032 b
A BILL FOR
HB1218LRB104 05004 HLH 15032 b HB1218 LRB104 05004 HLH 15032 b
HB1218 LRB104 05004 HLH 15032 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 235 as follows:
6 (35 ILCS 5/235 new)
7 Sec. 235. Dependent tax credit.
8 (a) For taxable years beginning on or after January 1,
9 2026, there shall be allowed a credit against the tax imposed
10 by subsections (a) and (b) of Section 201 in an amount
11 calculated under subsection (b). The credit under this Section
12 may not reduce the taxpayer's liability to less than zero.
13 (b) The maximum amount of the credit allowed under this
14 Section is $1,500 for each person who is claimed as a dependent
15 of the taxpayer for the taxable year under Section 152 of the
16 Internal Revenue Code.
17 (c) The Department of Revenue may adopt rules necessary or
18 appropriate to carry out the purposes of this Section.
19 (d) This Section is exempt from Section 250.
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
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
LRB104 05004 HLH 15032 b
A BILL FOR
35 ILCS 5/235 new
LRB104 05004 HLH 15032 b
HB1218 LRB104 05004 HLH 15032 b