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| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB4858 Introduced 2/18/2020, by Rep. Michael T. Marron SYNOPSIS AS INTRODUCED:
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Amends the Illinois Income Tax Act. Creates a credit in an amount equal to $5,000 for taxpayers that first begin to operate an onsite clinic for use by employees of the taxpayer during the taxable year. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB4858 | | LRB101 16929 HLH 66329 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 232 as follows:
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| 6 | | (35 ILCS 5/232 new) |
| 7 | | Sec. 232. Credit for employee clinics. |
| 8 | | (a) For taxable years beginning on or after January 1, |
| 9 | | 2020, there shall be allowed a credit against the tax imposed |
| 10 | | by subsections (a) and (b) of Section 201 of this Act in amount |
| 11 | | equal to $5,000 for each taxpayer that first begins to operate |
| 12 | | an onsite clinic for use by employees of the taxpayer during |
| 13 | | the taxable year. |
| 14 | | (b) In no event shall a credit under this Section reduce a |
| 15 | | taxpayer's liability to less than zero. If the amount of the |
| 16 | | credit exceeds the tax liability for the year, the excess may |
| 17 | | be carried forward and applied to the tax liability for the 5 |
| 18 | | taxable years following the excess credit year. The tax credit |
| 19 | | shall be applied to the earliest year for which there is a tax |
| 20 | | liability. If there are credits for more than one year that are |
| 21 | | available to offset liability, the earlier credit shall be |
| 22 | | applied first. |
| 23 | | (c) The Department of Labor, in collaboration with the |