Bill Title: Amends the Illinois Income Tax Act. Provides that the tax credit for employee child care shall be (i) 30% of the start-up costs expended by the corporate taxpayer to provide a child care facility for the children of its employees and (ii) 10% (currently, 5%) of the annual amount paid by the corporate taxpayer in providing the child care facility for the children of its employees. Creates an income tax credit for corporate taxpayers that are qualified small businesses in an amount equal to 10% of the federal tax credit claimed by the taxpayer for the taxable year for qualified child care expenditures. Effective immediately.

Sponsorship: Slight Partisan Bill (Democrat 2-1)

Status: (Introduced) 2026-05-22 - Rule 3-9(a) / Re-referred to Assignments [SB3420 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2026-02-04	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB3420

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB3420 currently on file.