Illinois 2025-2026 Regular Session

Illinois Senate Bill SB1647 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 SB1647 Introduced 2/5/2025, by Sen. Sue Rezin SYNOPSIS AS INTRODUCED: 35 ILCS 5/246 new Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who are the custodians of one or more children who attend an eligible preschool program in the State during the taxable year. Provides that the amount of the credit shall be 100% of the eligible expenses incurred by the taxpayer during the taxable year in sending the child to the eligible preschool program, but not to exceed $1,500 per child. Effective immediately. LRB104 03823 HLH 13847 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB1647 Introduced 2/5/2025, by Sen. Sue Rezin SYNOPSIS AS INTRODUCED: 35 ILCS 5/246 new 35 ILCS 5/246 new Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who are the custodians of one or more children who attend an eligible preschool program in the State during the taxable year. Provides that the amount of the credit shall be 100% of the eligible expenses incurred by the taxpayer during the taxable year in sending the child to the eligible preschool program, but not to exceed $1,500 per child. Effective immediately. LRB104 03823 HLH 13847 b LRB104 03823 HLH 13847 b A BILL FOR
2	2	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB1647 Introduced 2/5/2025, by Sen. Sue Rezin SYNOPSIS AS INTRODUCED:
3	3	35 ILCS 5/246 new 35 ILCS 5/246 new
4	4	35 ILCS 5/246 new
5	5	Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who are the custodians of one or more children who attend an eligible preschool program in the State during the taxable year. Provides that the amount of the credit shall be 100% of the eligible expenses incurred by the taxpayer during the taxable year in sending the child to the eligible preschool program, but not to exceed $1,500 per child. Effective immediately.
6	6	LRB104 03823 HLH 13847 b LRB104 03823 HLH 13847 b
7	7	LRB104 03823 HLH 13847 b
8	8	A BILL FOR
9	9	SB1647LRB104 03823 HLH 13847 b SB1647 LRB104 03823 HLH 13847 b
10	10	SB1647 LRB104 03823 HLH 13847 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 246 as follows:
16	16	6 (35 ILCS 5/246 new)
17	17	7 Sec. 246. Early childhood education credit.
18	18	8 (a) For taxable years beginning on or after January 1,
19	19	9 2026, a taxpayer who is the custodian of one or more children
20	20	10 who attend an eligible preschool program in the State during
21	21	11 the taxable year shall be allowed a credit against the tax
22	22	12 imposed by subsections (a) and (b) of Section 201 in an amount
23	23	13 equal to 100% of the eligible expenses incurred by the
24	24	14 taxpayer during the taxable year in sending the child to the
25	25	15 eligible preschool program, but not to exceed $1,500 per child
26	26	16 in any taxable year.
27	27	17 (b) In no event shall a credit under this Section reduce
28	28	18 the taxpayer's liability to less than zero. If the amount of
29	29	19 the credit exceeds the tax liability for the year, the excess
30	30	20 may be refunded to the taxpayer.
31	31	21 (c) As used in this Section:
32	32	22 "Custodian" means an Illinois resident who is the parent
33	33	23 or legal guardian of a child who is 3 to 5 years of age during
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37	37	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB1647 Introduced 2/5/2025, by Sen. Sue Rezin SYNOPSIS AS INTRODUCED:
38	38	35 ILCS 5/246 new 35 ILCS 5/246 new
39	39	35 ILCS 5/246 new
40	40	Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who are the custodians of one or more children who attend an eligible preschool program in the State during the taxable year. Provides that the amount of the credit shall be 100% of the eligible expenses incurred by the taxpayer during the taxable year in sending the child to the eligible preschool program, but not to exceed $1,500 per child. Effective immediately.
41	41	LRB104 03823 HLH 13847 b LRB104 03823 HLH 13847 b
42	42	LRB104 03823 HLH 13847 b
43	43	A BILL FOR
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49	49	35 ILCS 5/246 new
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68	68	1 the taxable year.
69	69	2 "Eligible expenses" means tuition, fees, and necessary
70	70	3 school supplies associated with attendance at an eligible
71	71	4 preschool, but does not include any expenses for which the
72	72	5 taxpayer claims a deduction against the taxpayer's federal
73	73	6 income taxes for the same taxable year.
74	74	7 "Eligible preschool" means a preschool educational program
75	75	8 for children ages 3 to 5 that is operated by a public school
76	76	9 district or other entity that is eligible to conduct a
77	77	10 preschool educational program and that employs at least one
78	78	11 teacher who holds a Professional Educator License with an
79	79	12 early childhood education endorsement.
80	80	13 (d) This Section is exempt from the provisions of Section
81	81	14 250.
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87	87	SB1647 - 2 - LRB104 03823 HLH 13847 b