Comments: IL HB5747 | 2025-2026 | 104th General Assembly
Bill Title: Amends the Illinois Income Tax Act. Provides that a taxpayer who (i) is a resident of Illinois, (ii) is legally domiciled in the United States, and (iii) on or after July 1, 2027, becomes a parent, either through birth or adoption, may apply to the Department of Revenue for a waiver of the taxpayer's State income taxes for the taxable year in which the child is born or the adoption of the child is finalized and for the next 2 succeeding taxable years. Provides that, if a taxpayer has been granted such a waiver, that taxpayer's net income shall be zero for each taxable year for which the waiver is in effect.
Sponsorship: Partisan Bill (Republican 2)
Status: (Introduced) 2026-04-23 - Added Co-Sponsor Rep. Kevin Schmidt [HB5747 Detail]
Text: Latest bill text (Introduced) [HTML]
Sponsorship: Partisan Bill (Republican 2)
Status: (Introduced) 2026-04-23 - Added Co-Sponsor Rep. Kevin Schmidt [HB5747 Detail]
Text: Latest bill text (Introduced) [HTML]
PolitiCorps Conversations
Start PolitiCorps Debate| Title | PolitiCorps | Access | Comments | Views | Last Post |
|---|---|---|---|---|---|
| There are no visible public or private PolitiCorps discussions concerning the 2025 Illinois HB5747 at this time. | |||||
