103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB2511

 

Introduced 2/15/2023, by Rep. Jenn Ladisch Douglass

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 5/234 new

    Amends the Illinois Income Tax Act. Creates an income tax credit in the amount of $250 for taxpayers who (i) adopt an animal from a no kill animal shelter and (ii) retain ownership of the animal for a period of 6 consecutive months during the taxable year. Effective immediately.


LRB103 27001 HLH 53368 b

 

 

A BILL FOR

 

HB2511LRB103 27001 HLH 53368 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
5adding Section 234 as follows:
 
6    (35 ILCS 5/234 new)
7    Sec. 234. Pet adoption credit.
8    (a) For taxable years beginning on or after January 1,
92023, a taxpayer who (i) adopts an animal from a no kill animal
10shelter and (ii) retains ownership of the animal for a period
11of 6 consecutive months during the taxable year is entitled to
12a credit against the tax imposed by subsections (a) and (b) of
13Section 201 in the amount of $250. As used in this Section, "no
14kill animal shelter" means an animal shelter where fewer than
1510% of the animals received were euthanized in the previous
16calendar year.
17    (b) If the amount of the credit exceeds the tax liability
18for the year, the excess may be carried forward and applied to
19the tax liability of the 5 tax years following the excess
20credit year. The tax credit award shall be applied to the
21earliest year for which there is a tax liability. If there are
22credits from more than one tax year that are available to
23offset liability, the earlier credit shall be applied first.

 

 

HB2511- 2 -LRB103 27001 HLH 53368 b

1In no event may a credit under this Section reduce the
2taxpayer's liability to less than zero.
3    (c) This Section is exempt from the provisions of Section
4250.
 
5    Section 99. Effective date. This Act takes effect upon
6becoming law.