101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB2645
 
Introduced , by Rep. Stephanie A. Kifowit
 
SYNOPSIS AS INTRODUCED:
 

 
35 ILCS 5/229 new

     Amends the Illinois Income Tax Act.  Provides that each taxpayer that makes a donation during the taxable year to a startup of an adult day program for adults with intellectual and developmental disabilities is entitled to an income tax credit in an amount equal to the amount of the donation. Effective immediately.
  


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FISCAL NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
HB2645LRB101 09352 HLH 54448 b


  
1    AN ACT concerning revenue.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Illinois Income Tax Act is amended  by adding 
5Section 229 as follows:
 
6    (35 ILCS 5/229 new)
7    Sec. 229. Credit for donations to adult day programs. 
8    (a) For taxable years beginning on or after January 1, 
92020, each taxpayer that makes a donation during the taxable 
10year to a startup of an adult day program for adults with 
11intellectual and developmental disabilities is entitled to a 
12credit against the tax imposed by subsections (a) and (b) of 
13Section 201 in an amount equal to the amount of the donation. 
14The Department of Human Services shall adopt rules for the 
15certification of eligible adult day programs.
16    (b) For partners, shareholders of Subchapter S 
17corporations, and owners of limited liability companies, if the 
18entity is treated as a partnership for purposes of federal and 
19State income taxation, there shall be allowed a credit under 
20this Section to be determined in accordance with the 
21determination of income and distributive share of income under 
22Sections 702 and 704 and Subchapter S of the Internal Revenue 
23Code. 
 
 
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1    (c) In no event shall a credit under this Section reduce a 
2taxpayer's liability to less than zero. If the amount of credit 
3exceeds the tax liability for the year, the excess may be 
4carried forward and applied to the tax liability for the 5 
5taxable years following the excess credit year. The tax credit 
6shall be applied to the earliest year for which there is a tax 
7liability. If there are credits for more than one year that are 
8available to offset liability, the earlier credit shall be 
9applied first. 
10    (d) This Section is exempt from the provisions of Section 
11250. 
 
 
12    Section 99. Effective date. This Act takes effect upon 
13becoming law.