Bill Title: Amends the Illinois Income Tax Act. Creates a credit for each child of the taxpayer who is under the age of 17 in an amount equal to $100. Provides that the credit shall be reduced by $5 for each $2,000 by which the taxpayer's net income exceeds $60,000 in the case of a joint return or exceeds $40,000 in the case of any other form of return. Effective immediately.

Sponsorship: Partisan Bill (Democrat 12)

Status: (Introduced - Dead) 2022-03-29 - Added as Co-Sponsor Sen. Kimberly A. Lightford [SB2132 Detail]

Text: Latest bill text (Introduced) [HTML]

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