Synopsis As Introduced Amends the Illinois Income Tax Act. Authorizes a credit of $5,000 to an individual taxpayer who is a qualified rural physician practicing in a designated shortage area and serving at least 200 Medicaid patients at a rural health clinic. Effective immediately.
Fiscal Note (Dept. of Revenue)
HB 2363 is expected to have a fiscal impact on State revenue of approximately $12 million to $27 million annually. It is estimated that there are 2360 physicians practicing in Illinois rural areas or counties. If only these physicians currently working in rural areas claim the income tax credit authorized by HB 2363, the estimated fiscal impact is $12 million per year. If the incentive provided by this bill results in the number of qualifying physicians increasing to 5,500, which would make rural areas more consistent with the doctor/patient ratio in the rest of the State, the estimated fiscal impact is $27 million per year.