101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB4933

 

Introduced 2/18/2020, by Rep. David A. Welter

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 5/232 new

    Amends the Illinois Income Tax Act. Creates a credit for costs associated with the adoption of a cat or dog. Provides that the credit may not exceed $250 and may not be taken for more than 3 animals per taxpayer. Effective immediately.


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FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB4933LRB101 16914 HLH 66313 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Income Tax Act is amended by adding
5Section 232 as follows:
 
6    (35 ILCS 5/232 new)
7    Sec. 232. Pet adoption credit.
8    (a) For taxable years beginning on or after January 1,
92020, there shall be allowed a credit against the tax imposed
10by subsections (a) and (b) of Section 201 of this Act in an
11amount equal to the expenses paid or incurred, not to exceed
12$250 in any taxable year, by a taxpayer for costs associated
13with the adoption of a cat or dog from a pound, shelter, duly
14incorporated society for the prevention of cruelty to animals,
15humane society, dog, cat, or other protective or rescue
16association. The credit allowed under this Section shall be
17allowed for a maximum of 3 animals per taxpayer.
18    (b) In no event shall a credit under this Section reduce a
19taxpayer's liability to less than zero. If the amount of the
20credit exceeds the tax liability for the year, the excess may
21be carried forward and applied to the tax liability for the 5
22taxable years following the excess credit year. The tax credit
23shall be applied to the earliest year for which there is a tax

 

 

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1liability. If there are credits for more than one year that are
2available to offset liability, the earliest credit shall be
3applied first.
4    (c) The Department may adopt rules to administer this
5Section.
6    (d) This Section is exempt from the provisions of Section
7250.
 
8    Section 99. Effective date. This Act takes effect upon
9becoming law.