Bill Amendment: IL HB0013 | 2025-2026 | 104th General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: INC TX-ADOPTION

Status: 2025-03-21 - House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee [HB0013 Detail]

Download: Illinois-2025-HB0013-House_Amendment_001.html

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Rep. Dave Severin

Filed: 2/14/2025

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AMENDMENT TO HOUSE BILL 13
AMENDMENT NO. ______. Amend House Bill 13 on page 2, by
replacing lines 8 through 16 with the following:
"(b) A credit under this Section shall not reduce a
taxpayer's liability to less than zero. If the taxpayer has a
federal adjusted gross income for the taxable year that does
not exceed $50,000, then the excess credit amount shall be
refunded to the taxpayer. The amount of the refund shall not be
included in the taxpayer's income or resources for the
purposes of determining the taxpayer's eligibility or benefit
level for any means-tested benefit program administered by a
governmental entity unless required by federal law. If the
taxpayer has a federal adjusted gross income for the taxable
year that is $50,000 or more, then the excess credit amount
shall be carried forward and applied to the tax liability for
the 5 taxable years following the excess credit year. The tax
credit shall be applied to the earliest year for which there is
a tax liability. If there are credits for more than one year

10400HB0013ham001 - 2 - LRB104 03342 HLH 19249 a
that are available to offset liability, the earlier credit
shall be applied first.".