Bill Title: Amends the Illinois Income Tax Act. Provides that, for taxable years ending on or after December 31, 2022, the credit for employee child care shall be in an amount equal to: (1) 50% of the start-up costs expended by the corporate taxpayer to provide a child care facility for the children of its employees; and (2) 20% of the annual amount paid by the corporate taxpayer to (i) provide an on-site child care facility for the children of its employees, (ii) provide child care offsite for the children of its employees, or (iii) a combination of (i) and (ii) (currently, 30% of the start-up costs and 5% of the annual amount paid by the taxpayer in providing the child care facility). Provides that the taxpayer may coordinate with an independent child care facility to provide care for the children of employees. Effective immediately.

Spectrum: Partisan Bill (Republican 16-0)

Status: (Introduced - Dead) 2022-03-09 - Added as Chief Co-Sponsor Sen. Jil Tracy [SB4187 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2022-03-04	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB4187

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB4187 currently on file.

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