IL HB3950 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 16-0)
Status: Introduced on February 17 2023 - 25% progression
Action: 2024-01-19 - Added Co-Sponsor Rep. Diane Blair-Sherlock
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 17 2023 - 25% progression
Action: 2024-01-19 - Added Co-Sponsor Rep. Diane Blair-Sherlock
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Creates an income tax credit for dependents of the taxpayer. Provides that the maximum amount of the credit is $700 per qualified dependent of the taxpayer. Provides that the maximum amount shall be reduced by $24 for each $1,000 by which the taxpayer's net income exceeds $75,000 in the case of a joint return or $50,000 in the case of any other form of return. Defines "qualified dependent". Effective immediately.
Title
INC TX-DEPENDENT TAX CREDIT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-19 | House | Added Co-Sponsor Rep. Diane Blair-Sherlock |
| 2024-01-05 | House | Added Chief Co-Sponsor Rep. Harry Benton |
| 2023-08-29 | House | Added Chief Co-Sponsor Rep. Mary Beth Canty |
| 2023-03-22 | House | Added Co-Sponsor Rep. Suzanne M. Ness |
| 2023-03-21 | House | Added Chief Co-Sponsor Rep. Theresa Mah |
| 2023-03-16 | House | Added Co-Sponsor Rep. Laura Faver Dias |
| 2023-03-10 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2023-03-09 | House | Added Co-Sponsor Rep. Kevin John Olickal |
| 2023-03-08 | House | Added Co-Sponsor Rep. Bob Morgan |
| 2023-03-08 | House | Added Co-Sponsor Rep. Kelly M. Cassidy |
| 2023-03-07 | House | Added Co-Sponsor Rep. Barbara Hernández |
| 2023-03-07 | House | Added Co-Sponsor Rep. Nabeela Syed |
| 2023-03-06 | House | Added Co-Sponsor Rep. Joyce Mason |
| 2023-03-03 | House | Added Co-Sponsor Rep. Abdelnasser Rashid |
| 2023-03-02 | House | To Revenue-Income Tax Subcommittee |
| 2023-02-28 | House | Assigned to Revenue & Finance Committee |
| 2023-02-21 | House | Added Chief Co-Sponsor Rep. Anna Moeller |
| 2023-02-21 | House | Added Co-Sponsor Rep. Lindsey LaPointe |
| 2023-02-17 | House | Referred to Rules Committee |
| 2023-02-17 | House | First Reading |
| 2023-02-17 | House | Filed with the Clerk by Rep. Marcus C. Evans, Jr. |
Code Citations
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3950&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/HB/10300HB3950.htm |
