Illinois 2025-2026 Regular Session

Illinois House Bill HB1799 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 HB1799 Introduced , by Rep. Tom Weber SYNOPSIS AS INTRODUCED: 35 ILCS 5/235 new Amends the Illinois Income Tax Act. Provides that a taxpayer is entitled to an income tax credit for each person who is (i) 62 years of age or older during the taxable year and (ii) employed by the taxpayer at a location in this State for not less than 185 days during the taxable year. Provides that the credit may be carried forward. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately. LRB104 03976 HLH 14000 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1799 Introduced , by Rep. Tom Weber SYNOPSIS AS INTRODUCED: 35 ILCS 5/235 new 35 ILCS 5/235 new Amends the Illinois Income Tax Act. Provides that a taxpayer is entitled to an income tax credit for each person who is (i) 62 years of age or older during the taxable year and (ii) employed by the taxpayer at a location in this State for not less than 185 days during the taxable year. Provides that the credit may be carried forward. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately. LRB104 03976 HLH 14000 b LRB104 03976 HLH 14000 b A BILL FOR
2	2	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1799 Introduced , by Rep. Tom Weber 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. Provides that a taxpayer is entitled to an income tax credit for each person who is (i) 62 years of age or older during the taxable year and (ii) employed by the taxpayer at a location in this State for not less than 185 days during the taxable year. Provides that the credit may be carried forward. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.
6	6	LRB104 03976 HLH 14000 b LRB104 03976 HLH 14000 b
7	7	LRB104 03976 HLH 14000 b
8	8	A BILL FOR
9	9	HB1799LRB104 03976 HLH 14000 b HB1799 LRB104 03976 HLH 14000 b
10	10	HB1799 LRB104 03976 HLH 14000 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. Credit for wages paid to persons 62 years of age
18	18	8 or older.
19	19	9 (a) For each taxable year beginning on or after January 1,
20	20	10 2026, each taxpayer is entitled to a credit against the tax
21	21	11 imposed by subsections (a) and (b) of Section 201 of this Act
22	22	12 in the amount of $2,500 for each person who is (i) 62 years of
23	23	13 age or older during the taxable year and (ii) employed by the
24	24	14 taxpayer at a location in this State for not less than 185 days
25	25	15 during the taxable year. For partners, shareholders of
26	26	16 Subchapter S corporations, and owners of limited liability
27	27	17 companies, if the liability company is treated as a
28	28	18 partnership for purposes of federal and State income taxation,
29	29	19 there shall be allowed a credit under this Section to be
30	30	20 determined in accordance with the determination of income and
31	31	21 distributive share of income under Sections 702 and 704 and
32	32	22 Subchapter S of the Internal Revenue Code.
33	33	23 (b) In no event shall a credit under this Section reduce
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37	37	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1799 Introduced , by Rep. Tom Weber SYNOPSIS AS INTRODUCED:
38	38	35 ILCS 5/235 new 35 ILCS 5/235 new
39	39	35 ILCS 5/235 new
40	40	Amends the Illinois Income Tax Act. Provides that a taxpayer is entitled to an income tax credit for each person who is (i) 62 years of age or older during the taxable year and (ii) employed by the taxpayer at a location in this State for not less than 185 days during the taxable year. Provides that the credit may be carried forward. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.
41	41	LRB104 03976 HLH 14000 b LRB104 03976 HLH 14000 b
42	42	LRB104 03976 HLH 14000 b
43	43	A BILL FOR
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49	49	35 ILCS 5/235 new
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53	53	LRB104 03976 HLH 14000 b
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66	66	HB1799- 2 -LRB104 03976 HLH 14000 b HB1799 - 2 - LRB104 03976 HLH 14000 b
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68	68	1 the taxpayer's liability to less than zero. If the amount of
69	69	2 the credit exceeds the tax liability for the year, the excess
70	70	3 may be carried forward and applied to the tax liability of the
71	71	4 5 taxable years following the excess credit year. The tax
72	72	5 credit shall be applied to the earliest year for which there is
73	73	6 a tax liability. If there are credits for more than one year
74	74	7 that are available to offset a liability, the earlier credit
75	75	8 shall be applied first.
76	76	9 (c) This Section is exempt from the provisions of Section
77	77	10 250.
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83	83	HB1799 - 2 - LRB104 03976 HLH 14000 b