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
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
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
LRB104 11482 HLH 21571 b
A BILL FOR
HB3017LRB104 11482 HLH 21571 b HB3017 LRB104 11482 HLH 21571 b
HB3017 LRB104 11482 HLH 21571 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 217.2 as follows:
6 (35 ILCS 5/217.2 new)
7 Sec. 217.2. Credit for wages paid to a military spouse.
8 (a) For taxable years ending on or after December 31,
9 2026, each taxpayer that is an employer is entitled to a credit
10 against the tax imposed by subsections (a) and (b) of Section
11 201 of this Act in an amount equal to $5,000 for each military
12 spouse hired by the taxpayer during the taxable year.
13 (b) For partners, shareholders of Subchapter S
14 corporations, and owners of limited liability companies, if
15 the liability company is treated as a partnership for the
16 purposes of federal and State income taxation, there shall be
17 allowed a credit under this Section to be determined in
18 accordance with the determination of income and distributive
19 share of income under Sections 702 and 704 and Subchapter S of
20 the Internal Revenue Code.
21 (c) In no event shall a credit under this Section reduce
22 the taxpayer's liability to less than zero. If the amount of
23 the credit exceeds the tax liability for the year, the excess
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
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
LRB104 11482 HLH 21571 b
A BILL FOR
35 ILCS 5/217.2 new
LRB104 11482 HLH 21571 b
HB3017 LRB104 11482 HLH 21571 b
HB3017- 2 -LRB104 11482 HLH 21571 b HB3017 - 2 - LRB104 11482 HLH 21571 b
HB3017 - 2 - LRB104 11482 HLH 21571 b
1 may be carried forward and applied to the tax liability of the
2 5 taxable years following the excess credit year. The tax
3 credit shall be applied to the earliest year for which there is
4 a tax liability. If there are credits for more than one year
5 that are available to offset a liability, the earlier credit
6 shall be applied first.
7 (d) As used in this Section, "military spouse" means the
8 spouse of an active duty member of the Armed Forces of the
9 United States, a member of the Illinois National Guard, or a
10 member of any reserve component of the Armed Forces of the
11 United States.
12 (e) This Section is exempt from the provisions of Section
13 250.
HB3017 - 2 - LRB104 11482 HLH 21571 b