Illinois 2025-2026 Regular Session

Illinois House Bill HB3017 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 HB3017 Introduced , by Rep. Dan Swanson SYNOPSIS AS INTRODUCED: 35 ILCS 5/217.2 new Amends the Illinois Income Tax Act. Creates an income tax credit for each employer taxpayer in an amount equal to $5,000 for each military spouse hired by the taxpayer during the taxable year. Effective immediately. LRB104 11482 HLH 21571 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB3017 Introduced , by Rep. Dan Swanson SYNOPSIS AS INTRODUCED: 35 ILCS 5/217.2 new 35 ILCS 5/217.2 new Amends the Illinois Income Tax Act. Creates an income tax credit for each employer taxpayer in an amount equal to $5,000 for each military spouse hired by the taxpayer during the taxable year. Effective immediately. LRB104 11482 HLH 21571 b LRB104 11482 HLH 21571 b A BILL FOR
2	2	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB3017 Introduced , by Rep. Dan Swanson SYNOPSIS AS INTRODUCED:
3	3	35 ILCS 5/217.2 new 35 ILCS 5/217.2 new
4	4	35 ILCS 5/217.2 new
5	5	Amends the Illinois Income Tax Act. Creates an income tax credit for each employer taxpayer in an amount equal to $5,000 for each military spouse hired by the taxpayer during the taxable year. Effective immediately.
6	6	LRB104 11482 HLH 21571 b LRB104 11482 HLH 21571 b
7	7	LRB104 11482 HLH 21571 b
8	8	A BILL FOR
9	9	HB3017LRB104 11482 HLH 21571 b HB3017 LRB104 11482 HLH 21571 b
10	10	HB3017 LRB104 11482 HLH 21571 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 217.2 as follows:
16	16	6 (35 ILCS 5/217.2 new)
17	17	7 Sec. 217.2. Credit for wages paid to a military spouse.
18	18	8 (a) For taxable years ending on or after December 31,
19	19	9 2026, each taxpayer that is an employer is entitled to a credit
20	20	10 against the tax imposed by subsections (a) and (b) of Section
21	21	11 201 of this Act in an amount equal to $5,000 for each military
22	22	12 spouse hired by the taxpayer during the taxable year.
23	23	13 (b) For partners, shareholders of Subchapter S
24	24	14 corporations, and owners of limited liability companies, if
25	25	15 the liability company is treated as a partnership for the
26	26	16 purposes of federal and State income taxation, there shall be
27	27	17 allowed a credit under this Section to be determined in
28	28	18 accordance with the determination of income and distributive
29	29	19 share of income under Sections 702 and 704 and Subchapter S of
30	30	20 the Internal Revenue Code.
31	31	21 (c) In no event shall a credit under this Section reduce
32	32	22 the taxpayer's liability to less than zero. If the amount of
33	33	23 the credit exceeds the tax liability for the year, the excess
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37	37	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB3017 Introduced , by Rep. Dan Swanson SYNOPSIS AS INTRODUCED:
38	38	35 ILCS 5/217.2 new 35 ILCS 5/217.2 new
39	39	35 ILCS 5/217.2 new
40	40	Amends the Illinois Income Tax Act. Creates an income tax credit for each employer taxpayer in an amount equal to $5,000 for each military spouse hired by the taxpayer during the taxable year. Effective immediately.
41	41	LRB104 11482 HLH 21571 b LRB104 11482 HLH 21571 b
42	42	LRB104 11482 HLH 21571 b
43	43	A BILL FOR
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49	49	35 ILCS 5/217.2 new
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68	68	1 may be carried forward and applied to the tax liability of the
69	69	2 5 taxable years following the excess credit year. The tax
70	70	3 credit shall be applied to the earliest year for which there is
71	71	4 a tax liability. If there are credits for more than one year
72	72	5 that are available to offset a liability, the earlier credit
73	73	6 shall be applied first.
74	74	7 (d) As used in this Section, "military spouse" means the
75	75	8 spouse of an active duty member of the Armed Forces of the
76	76	9 United States, a member of the Illinois National Guard, or a
77	77	10 member of any reserve component of the Armed Forces of the
78	78	11 United States.
79	79	12 (e) This Section is exempt from the provisions of Section
80	80	13 250.
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86	86	HB3017 - 2 - LRB104 11482 HLH 21571 b