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.

Spectrum: Partisan Bill (Democrat 12-0)

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

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2021-02-26	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
Senate Amendment 002	2021-03-31	Proposed	HTML/Text	Link	View
Senate Amendment 001	2021-03-16	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2132 currently on file.

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