093_HB1107ham002
LRB093 02688 SJM 12873 a
1 AMENDMENT TO HOUSE BILL 1107
2 AMENDMENT NO. . Amend House Bill 1107, AS AMENDED,
3 by replacing everything after the enacting clause with the
4 following:
5 "Section 5. The Illinois Income Tax Act is amended by
6 adding Section 213 as follows:
7 (35 ILCS 5/213 new)
8 Sec. 213. Assistive technology devices tax credit.
9 (a) Beginning with taxable years ending on or after
10 December 31, 2003, each taxpayer that is a small business is
11 entitled to a credit against the tax imposed by subsections
12 (a) and (b) of Section 201 in the amount of 50% of the amount
13 spent by the taxpayer in the taxable year, up to a maximum
14 credit of $2,500 in the taxable year, for modifications to or
15 the purchase of assistive technology devices for people with
16 disabilities to improve their functional capabilities on the
17 job. The Department shall establish by rule those expenses
18 that are eligible for the credit under this Section. The tax
19 credit may not reduce the taxpayer's liability to less than
20 zero. This Section is exempt from the provisions of Section
21 250 of this Act.
22 (b) If the amount of the credit exceeds the tax
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1 liability for the year, the excess may be carried forward and
2 applied to the tax liability of the 5 taxable years following
3 the excess credit year. The credit shall be applied to the
4 earliest year for which there is a tax liability. If there
5 are credits from more than one tax year that are available to
6 offset a liability, the earlier credit shall be applied
7 first.
8 (c) In this Section:
9 "Small business" means a business that (i) has 14
10 employees or less and (ii) has a gross income, for federal
11 income tax purposes, of $3,000,000 or less in the taxable
12 year.
13 "Assistive technology device" means any item, piece of
14 equipment, or product system, whether acquired commercially,
15 off the shelf, modified, or customized, that is used to
16 increase, maintain, or improve functional capabilities of
17 people with disabilities.
18 "People with disabilities" includes any person who has a
19 physical or mental impairment that substantially limits one
20 or more of the major life activities of the individual; who
21 has a record of such an impairment; or who is regarded as
22 having such an impairment.
23 Section 99. Effective date. This Act takes effect upon
24 becoming law.".