SB3816eng 96TH GENERAL ASSEMBLY

SB3816 Engrossed LRB096 20655 HLH 36370 b

AN ACT concerning revenue.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Income Tax Act is amended by adding Section 219 as follows:

(35 ILCS 5/219 new)

Sec. 219. Credit for the modification of residential property to accommodate a disabled veteran. For each taxable year beginning on or after January 1, 2011, each individual taxpayer is entitled to a credit against the tax imposed by subsections (a) and (b) of Section 201 of this Act in an amount equal to the total amount of expenditures made by the taxpayer during the taxable year for the purpose of modifying the primary residence of a disabled veteran to accommodate that veteran's disability. The amount of the credit may not exceed $1,000 in any taxable year. No taxpayer may claim a credit under this Section in more than one taxable year. The Department shall promulgate rules setting forth qualifications for expenditures.

For the purposes of this Section, "disabled veteran" means a person who has served in the armed forces of the United States and whose disability is of such a nature that the federal government has authorized payment for purchase or construction of specially adapted housing as set forth in the United States Code, Title 38, Chapter 21, Section 2101. Eligibility for a credit under this Section must be established by certification from the Illinois Department of Veterans' Affairs.

In no event shall a credit under this Section reduce the taxpayer's liability to less than zero. If the amount of the credit exceeds the taxpayer's liability for the taxable year, the excess credit may not be carried forward or back and shall not be refunded to the taxpayer. This Section is exempt from the provisions of Section 250.

Section 99. Effective date. This Act takes effect upon becoming law.