103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB2600

 

Introduced 2/15/2023, by Rep. Adam M. Niemerg

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 5/234 new

    Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 50% of the contributions made by the taxpayer during the taxable year to one or more qualifying pregnancy resource centers. Provides that the term "qualifying pregnancy resource center" means a nonprofit organization that is exempt from taxation under Section 501(c) of the Internal Revenue Code and is established for the purpose of providing free assistance to pregnant women in carrying their pregnancies to term.


LRB103 25943 HLH 55861 b

 

 

A BILL FOR

 

HB2600LRB103 25943 HLH 55861 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. Women's Opportunity Credit.
8    (a) For taxable years beginning on or after January 1,
92024, there is allowed a refundable credit against the tax
10imposed under subsections (a) and (b) of Section 201 in an
11amount equal to 50% of the contributions made by the taxpayer
12during the taxable year to one or more qualifying pregnancy
13resource centers.
14    (b) As used in this Section, "qualifying pregnancy
15resource center" means a nonprofit organization that is exempt
16from taxation under Section 501(c) of the Internal Revenue
17Code and is established for the purpose of providing free
18pregnancy tests, ultrasounds, prenatal vitamins, maternity
19clothing, baby clothes and furniture, diapers, cribs, car
20seats, housing and utility assistance, nutritional counseling,
21or other assistance to pregnant women who are carrying their
22pregnancies to term.
23    (c) This Section is exempt from the provisions of Section

 

 

HB2600- 2 -LRB103 25943 HLH 55861 b

1250.