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]

---

Bill Drafts

Revision	Date	Format	Source	View
Introduced	2014-02-07	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB5314

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB5314 currently on file.