Illinois General Assembly - Full Text of SB3104
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Full Text of SB3104  103rd General Assembly



State of Illinois
2023 and 2024


Introduced 2/2/2024, by Sen. Jil Tracy


35 ILCS 5/241 new

    Amends the Illinois Income Tax Act. Creates a child care credit in an amount equal to 25% of the federal tax credit for each qualifying child. Effective immediately.

LRB103 37905 HLH 68037 b





SB3104LRB103 37905 HLH 68037 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 241 as follows:
6    (35 ILCS 5/241 new)
7    Sec. 241. Child care credit.
8    (a) For taxable years beginning on or after January 1,
92025, each qualified individual taxpayer is entitled to a
10credit against the tax imposed by subsections (a) and (b) of
11Section 201 in an amount equal to 25% of the federal tax credit
12allowed to the taxpayer for each qualifying child for the
13taxable year under Section 24 of the federal Internal Revenue
15    For a non-resident or part-year resident, the amount of
16the credit under this Section shall be in proportion to the
17amount of income attributable to this State.
18    (b) If the amount of the credit exceeds the income tax
19liability for the applicable tax year, then the excess credit
20shall be refunded to the taxpayer. The amount of any refunded
21credit under this Section shall not be included in the
22taxpayer's income or resources for the purposes of determining
23eligibility or benefit level in any means-tested benefit



SB3104- 2 -LRB103 37905 HLH 68037 b

1program administered by a governmental entity, unless required
2by federal law.
3    (c) For purposes of this Section:
4        "Qualified individual taxpayer" means a taxpayer who
5    may claim one or more qualifying children as dependents
6    and whose federal adjusted gross income is less than or
7    equal to the threshold amount, as defined in Section 24 of
8    the Internal Revenue Code.
9        "Qualifying child" means a child who is 13 years of
10    age or younger and who may be claimed as a dependent on the
11    taxpayer's federal income tax return under the Internal
12    Revenue Code.
13    (d) This Section is exempt from the provisions of Section
15    Section 99. Effective date. This Act takes effect upon
16becoming law.