Illinois General Assembly - Full Text of SB1151
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Full Text of SB1151  103rd General Assembly


Sen. Jil Tracy

Filed: 3/29/2023





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2    AMENDMENT NO. ______. Amend Senate Bill 1151 by replacing
3everything after the enacting clause with the following:
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. Child care credit.
8    (a) For taxable years beginning on or after January 1,
92024, 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



10300SB1151sam001- 2 -LRB103 05595 HLH 60191 a

1amount of income attributable to this State.
2    (b) If the amount of the credit exceeds the income tax
3liability for the applicable tax year, then the excess credit
4shall be refunded to the taxpayer. The amount of any refunded
5credit under this Section shall not be included in the
6taxpayer's income or resources for the purposes of determining
7eligibility or benefit level in any means-tested benefit
8program administered by a governmental entity, unless required
9by federal law.
10    (c) For purposes of this Section:
11        "Qualified individual taxpayer" means a taxpayer who
12    may claim one or more qualifying children as dependents
13    and whose federal adjusted gross income is less than or
14    equal to the threshold amount, as defined in Section 24 of
15    the Internal Revenue Code.
16        "Qualifying child" means a child who is 13 years of
17    age or younger and who may be claimed as a dependent on the
18    taxpayer's federal income tax return under the Internal
19    Revenue Code.
20    (d) This Section is exempt from the provisions of Section
22    Section 99. Effective date. This Act takes effect upon
23becoming law.".