HB0697 102ND GENERAL ASSEMBLY

LRB102 10616 HLH 15945 b

102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB0697

Introduced 2/8/2021, by Rep. Adam Niemerg

SYNOPSIS AS INTRODUCED:

35 ILCS 5/232 new

Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 50% of the contributions made by the taxpayer during the taxable year to one or more qualifying pregnancy resource centers. Provides that the term "qualifying pregnancy resource center" means a nonprofit organization that is exempt from taxation under Section 501(c) of the Internal Revenue Code and is established for the purpose of providing free assistance to pregnant women in carrying their pregnancies to term.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning revenue.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Income Tax Act is amended by adding Section 232 as follows:

(35 ILCS 5/232 new)

Sec. 232. Pregnancy resource center credit.

(a) For taxable years beginning on or after January 1, 2021, there is allowed a refundable credit against the tax imposed under subsections (a) and (b) of Section 201 in an amount equal to 50% of the contributions made by the taxpayer during the taxable year to one or more qualifying pregnancy resource centers.

(b) As used in this Section, "qualifying pregnancy resource center" means a nonprofit organization that is exempt from taxation under Section 501(c) of the Internal Revenue Code and is established for the purpose of providing free assistance to pregnant women in carrying their pregnancies to term; such assistance includes pregnancy tests, ultrasound, prenatal vitamins, maternity clothing, baby clothes and furniture, diapers, cribs, car seats, housing and utility assistance, and nutritional counseling.

(c) This Section is exempt from the provisions of Section 250.