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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB3661 Introduced , by Rep. Christine Winger SYNOPSIS AS INTRODUCED:
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Amends the Illinois Income Tax Act. Creates a credit each individual taxpayer employed as a teacher during the taxable year in an amount equal to the lesser of $100 or the total amount expended by the taxpayer for classroom supplies during the taxable year. Provides that the credit may not be carried forward, carried back, or refunded to the taxpayer. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB3661 | | LRB100 04217 HLH 14223 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Income Tax Act is amended by adding |
| 5 | | Section 224 as follows:
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| 6 | | (35 ILCS 5/224 new) |
| 7 | | Sec. 224. Classroom expense credit. |
| 8 | | (a) For taxable years beginning on or after January 1, 2017 |
| 9 | | and beginning prior to January 1, 2022, each individual |
| 10 | | taxpayer employed as a teacher during the taxable year is |
| 11 | | entitled to a credit against the tax imposed by subsections (a) |
| 12 | | and (b) of Section 201 for amounts expended during the taxable |
| 13 | | year for classroom supplies. The amount of the credit is the |
| 14 | | lesser of $100 or the total amount expended by the taxpayer for |
| 15 | | classroom supplies during the taxable year. |
| 16 | | (b) The tax credit may not reduce the taxpayer's liability |
| 17 | | to less than zero. The amount of any unused credit under this |
| 18 | | Section for a taxable year may not be carried forward to a |
| 19 | | succeeding taxable year, carried back to a preceding taxable |
| 20 | | year, or refunded.
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| 21 | | Section 99. Effective date. This Act takes effect upon |
| 22 | | becoming law.
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