Illinois General Assembly - Full Text of SB2053
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Full Text of SB2053  102nd General Assembly


Sen. Omar Aquino

Filed: 3/19/2021





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2    AMENDMENT NO. ______. Amend Senate Bill 2053 by replacing
3everything after the enacting clause with the following:
4    "Section 5. The Illinois Income Tax Act is amended by
5adding Section 232 as follows:
6    (35 ILCS 5/232 new)
7    Sec. 232. Credit for qualified teachers.
8    (a) For taxable years ending on or after December 31,
92021, each qualified teacher is entitled to a credit against
10the taxes imposed by subsections (a) and (b) of Section 201 in
11an aggregate amount equal to 50% of the unreimbursed tuition
12costs incurred by that teacher at a public university in the
13State. Each qualified teacher may take no more than 20% of his
14or her aggregate credit amount in any taxable year.
15Notwithstanding the provisions of this subsection (a), the
16credit used by any particular taxpayer in any taxable year



10200SB2053sam001- 2 -LRB102 11522 HLH 23542 a

1shall not exceed $10,000.
2    (b) In no event shall a credit under this Section reduce a
3taxpayer's liability to less than zero. If the amount of
4credit exceeds the tax liability for the year, the excess may
5be carried forward and applied to the tax liability for the 5
6taxable years following the excess credit year. The tax credit
7shall be applied to the earliest year for which there is a tax
8liability. If there are credits for more than one year that are
9available to offset liability, the earlier credit shall be
10applied first.
11    (c) As used in this Section, "qualified teacher" means an
12individual who (i) graduated from a public university in the
13State, (ii) is first employed as a public school teacher after
14December 31, 2020, and (iii) has been employed as a public
15school teacher in the State for at least 5 consecutive years.
16    (d) The Department shall adopt rules to implement this
18    (e) This Section is exempt from the provisions of Section
20    Section 99. Effective date. This Act takes effect upon
21becoming law.".