94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB3861


 
Introduced 2/25/2005, by Rep. Eileen Lyons - Michael Tryon - Michael P. McAuliffe - Roger L. Eddy - Sidney H. Mathias, et al.
 
SYNOPSIS AS INTRODUCED:
 		













35 ILCS 5/216 new










    Amends the Illinois Income Tax Act. Provides that, for taxable years ending
on
or after December 31, 2005, each taxpayer is entitled to an income tax credit
in the
amount of $1,000 per taxable year if, at any time during the taxable year, the
taxpayer's spouse served on active duty in the Illinois National Guard or a
reserve
component of the armed forces of the United States. Allows the credit to be
carried
forward for 10 years and exempts the credit from the sunset provisions of the
Act.
Effective immediately.
















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FISCAL NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB3861

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1
    AN ACT concerning taxes. 

 
2
    Be it enacted by the People of the State of Illinois, 
3
represented in the General Assembly: 


 
4
    Section 5. The Illinois Income Tax Act is amended by adding 
5
Section 216 as
follows:


 
6
    (35 ILCS 5/216 new)

7
    Sec. 216. Armed service support credit.

8
    (a) Intent. The armed service support credit authorized by 
9
this Section is
to
compensate the homeland spouse of a 
10
serviceperson called up to active duty for
the time
and effort 
11
needed to deal with the absent spouse's interests while the 
12
absent
spouse is
away on active duty.

13
    (b) Credit. For taxable years ending on or after December 
14
31, 2005, each
taxpayer is entitled to a credit against the tax 
15
imposed by subsections (a) and
(b) of
Section 201 in the amount 
16
of $1,000 per taxable year if, at any time during the
taxable

17
year, the
taxpayer's spouse served on active duty in the 
18
Illinois
National Guard or a
reserve component of the armed 
19
forces of the United States.

20
    (c) Carryforward. If the amount of the credit exceeds the 
21
tax liability for
the year,
the excess may be carried forward 
22
and applied to the tax liability of the 10
taxable years

23
following the excess credit year. The credit shall be applied 
24
to the earliest
year for which
there is a tax liability. If 
25
there are credits from more than one tax year that
are 
26
available
to offset a liability, the earlier credit shall be 
27
applied first.

28
    (d) Sunset exemption. This Section is exempt from the 
29
provisions of Section
250.



 
30
    Section 99. Effective date. This Act takes effect upon 
31
becoming law.