Bill Texts: 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]
Sponsorship: Partisan Bill (Republican 2)
Status: (Introduced) 2026-04-23 - Added Co-Sponsor Rep. Kevin Schmidt [HB5747 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|---|---|---|---|
| Introduced | 2026-04-21 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
|---|---|---|---|---|---|
| No bill amendments currently on file for Illinois HB5747 | |||||
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|---|---|---|---|---|
| No supplemental documents for Illinois HB5747 currently on file. | |||||
