Bill Title: Amends the Illinois Income Tax Act. Creates a tax credit for each individual taxpayer who adopts a child during the taxable year in an amount equal to certain nonrecurring adoption expenses incurred by the taxpayer in connection with that adoption. Provides that the credit may not exceed $4,000 per child. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Sponsorship: Moderate Partisan Bill (Republican 5-1)

Status: (Failed) 2014-12-03 - Session Sine Die [HB5314 Detail]

Text: Latest bill text (Introduced) [HTML]

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