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SB1675 Engrossed |
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LRB094 11207 BDD 41911 b |
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| AN ACT concerning revenue.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Illinois Income Tax Act is amended by adding |
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| Section 216 as follows:
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| (35 ILCS 5/216 new) |
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| Sec. 216. Classroom supply credit. |
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| (a) For taxable years ending on or after December 31, 2005, |
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| each individual taxpayer who is a teacher teaching in a school |
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| in Illinois is entitled to a credit against the tax imposed by |
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| subsections (a) and (b) of Section 201 in an amount equal to |
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| 50% of the eligible classroom expenses made by the taxpayer |
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| during the taxable year, but the credit may not exceed $500. |
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| (b) For the purpose of this Section: |
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| "Eligible classroom expenses" means the aggregate amount |
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| of nonreimbursed classroom expenses made by the taxpayer during |
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| the taxable year less $250. |
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| "School" means any public or nonpublic elementary or |
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| secondary school in Illinois that is in compliance with Title |
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| VI of the Civil Rights Act of 1964 and attendance at which |
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| satisfies the requirements of Section 26-1 of the School Code.
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| (c) The credit may not be carried forward or back. In no
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| event shall a credit under this Section reduce the taxpayer's
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| liability to less than zero.
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| Section 99. Effective date. This Act takes effect upon |
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| becoming law.
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