Bill Status of HB 3950   103rd General Assembly


Short Description:  INC TX-DEPENDENT TAX CREDIT

House Sponsors
Rep. Marcus C. Evans, Jr.-Anna Moeller-Mary Beth Canty-Theresa Mah-Harry Benton, Lindsey LaPointe, Abdelnasser Rashid, Joyce Mason, Nabeela Syed, Barbara Hernandez, Kelly M. Cassidy, Bob Morgan, Kevin John Olickal, Laura Faver Dias, Suzanne M. Ness and Diane Blair-Sherlock

Last Action  View All Actions

DateChamber Action
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/234 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit for dependents of the taxpayer. Provides that the maximum amount of the credit is $700 per qualified dependent of the taxpayer. Provides that the maximum amount shall be reduced by $24 for each $1,000 by which the taxpayer's net income exceeds $75,000 in the case of a joint return or $50,000 in the case of any other form of return. Defines "qualified dependent". Effective immediately.

Actions 
DateChamber Action
  2/17/2023HouseFiled with the Clerk by Rep. Marcus C. Evans, Jr.
  2/17/2023HouseFirst Reading
  2/17/2023HouseReferred to Rules Committee
  2/21/2023HouseAdded Co-Sponsor Rep. Lindsey LaPointe
  2/21/2023HouseAdded Chief Co-Sponsor Rep. Anna Moeller
  2/28/2023HouseAssigned to Revenue & Finance Committee
  3/2/2023HouseTo Revenue-Income Tax Subcommittee
  3/3/2023HouseAdded Co-Sponsor Rep. Abdelnasser Rashid
  3/6/2023HouseAdded Co-Sponsor Rep. Joyce Mason
  3/7/2023HouseAdded Co-Sponsor Rep. Nabeela Syed
  3/7/2023HouseAdded Co-Sponsor Rep. Barbara Hernandez
  3/8/2023HouseAdded Co-Sponsor Rep. Kelly M. Cassidy
  3/8/2023HouseAdded Co-Sponsor Rep. Bob Morgan
  3/9/2023HouseAdded Co-Sponsor Rep. Kevin John Olickal
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee
  3/16/2023HouseAdded Co-Sponsor Rep. Laura Faver Dias
  3/21/2023HouseAdded Chief Co-Sponsor Rep. Theresa Mah
  3/22/2023HouseAdded Co-Sponsor Rep. Suzanne M. Ness
  8/29/2023HouseAdded Chief Co-Sponsor Rep. Mary Beth Canty
  1/5/2024HouseAdded Chief Co-Sponsor Rep. Harry Benton
  1/19/2024HouseAdded Co-Sponsor Rep. Diane Blair-Sherlock

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