101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB5350
 
Introduced , by Rep. Mary Edly-Allen
 
SYNOPSIS AS INTRODUCED:
 

 
35 ILCS 5/232 new

     Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who plant a native plant species at their primary place of residence. Provides that the credit shall be equal to the cost of the plants and associated planting materials. Provides that the credit may not exceed $100 per taxpayer in any taxable year. Effective immediately.
  


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FISCAL NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
HB5350LRB101 18461 HLH 67909 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 232 as follows:
 
6    (35 ILCS 5/232 new)
7    Sec. 232. Credit for planting native species.
8    (a) For taxable years ending on or after December 31, 2020, 
9each individual taxpayer who plants a native plant species at 
10his or her primary place of residence is entitled to a credit 
11equal to the cost of the plants and associated planting 
12materials. The credit may not exceed $100 per taxpayer in any 
13taxable year. As used in this Section, "native plant species" 
14means a plant species that is indigenous to Illinois. The 
15Department of Natural Resources shall compile a list of native 
16plant species that are eligible for the credit under this 
17Section and update that list on an annual basis. 
18    (b) The credit under this Section may not reduce the 
19taxpayer's

liability to less than zero. If the amount of the 
20credit or credits exceeds the taxpayer's liability, the excess 
21may be carried forward and applied against the taxpayer's 
22liability in the next 5 succeeding calendar years. The excess 
23credits shall be applied to the earliest year for which there 
 
 
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1is a tax liability. If there are credits from more than one 
2taxable year that are available to offset a liability, the 
3earlier credit shall be applied first. 
4    (c) The Department of Revenue, in consultation with the 
5Department of Natural Resources, shall adopt rules to 
6administer this Section. 
7    (d) This Section is exempt from the provisions of Section 
8250. 
  
 
9    Section 99. Effective date. This Act takes effect upon 
10becoming law.