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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB2386 Introduced 2/17/2021, by Rep. Dave Vella SYNOPSIS AS INTRODUCED:
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Amends the Illinois Income Tax Act. Provides that each taxpayer business is entitled to an income tax credit in an amount equal to 100% of the costs incurred by the taxpayer in paying for screenings, treatments, and recommendations associated with individual employees' physical, mental, and emotional wellness. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB2386 | | LRB102 12920 HLH 18263 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 |
| 5 | | adding Section 232 as follows:
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| 6 | | (35 ILCS 5/232 new) |
| 7 | | Sec. 232. Credit for expenses associated with employee |
| 8 | | wellness. |
| 9 | | (a) For taxable years beginning on or after January 1, |
| 10 | | 2022, each taxpayer business is entitled to a credit against |
| 11 | | the taxes imposed by subsections (a) and (b) of Section 201 in |
| 12 | | an amount equal to 100% of the costs incurred by the taxpayer |
| 13 | | in paying for screenings, treatments, and recommendations |
| 14 | | associated with individual employees' physical, mental, and |
| 15 | | emotional wellness. |
| 16 | | (b) In no event shall a credit under this Section reduce |
| 17 | | the taxpayer's liability to less than zero. If the amount of |
| 18 | | the credit exceeds the tax liability for the year, the excess |
| 19 | | may be carried forward and applied to the tax liability of the |
| 20 | | 5 taxable years following the excess credit year. The tax |
| 21 | | credit shall be applied to the earliest year for which there is |
| 22 | | a tax liability. If there are credits for more than one year |
| 23 | | that are available to offset a liability, the earlier credit |