Bill Text: IL HB0583 | 2021-2022 | 102nd General Assembly | Introduced
Bill Title: Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who are caregivers of a veteran with a disability. Provides that the credit shall be in an amount equal to 5% of the costs incurred in caring for the veteran, not to exceed $1,000 in credits in any taxable year. Effective immediately.
Spectrum: Slight Partisan Bill (Democrat 6-2)
Status: (Introduced - Dead) 2021-10-06 - Added Co-Sponsor Rep. Mark L. Walker [HB0583 Detail]
Download: Illinois-2021-HB0583-Introduced.html
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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Income Tax Act is amended by | ||||||||||||||||||||||||
5 | adding Section 232 as follows:
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6 | (35 ILCS 5/232 new) | ||||||||||||||||||||||||
7 | Sec. 232. Caregiver credit. | ||||||||||||||||||||||||
8 | (a) For taxable years ending on or after December 31, | ||||||||||||||||||||||||
9 | 2021, each taxpayer who is an eligible caregiver of a veteran | ||||||||||||||||||||||||
10 | with a disability is entitled to a credit against the tax | ||||||||||||||||||||||||
11 | imposed by subsections (a) and (b) of Section 201 in an amount | ||||||||||||||||||||||||
12 | equal to 5% of the costs incurred in caring for the veteran, | ||||||||||||||||||||||||
13 | not to exceed $1,000 in credits in any taxable year. | ||||||||||||||||||||||||
14 | (b) In no event shall a credit under this Section reduce a | ||||||||||||||||||||||||
15 | taxpayer's liability to less than zero. If the amount of | ||||||||||||||||||||||||
16 | credit exceeds the tax liability for the year, the excess may | ||||||||||||||||||||||||
17 | be carried forward and applied to the tax liability for the 5 | ||||||||||||||||||||||||
18 | taxable years following the excess credit year. The tax credit | ||||||||||||||||||||||||
19 | shall be applied to the earliest year for which there is a tax | ||||||||||||||||||||||||
20 | liability. If there are credits for more than one year that are | ||||||||||||||||||||||||
21 | available to offset liability, the earlier credit shall be | ||||||||||||||||||||||||
22 | applied first. | ||||||||||||||||||||||||
23 | (c) As used in this Section: |
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1 | "Costs incurred" means, but is not limited to: | ||||||
2 | expenditures for respite care; expenditures for counseling or | ||||||
3 | support groups; training related to caring for a veteran with | ||||||
4 | disability; travel costs; technology that assists in providing | ||||||
5 | care; and expenditures for medical and hygiene items used by | ||||||
6 | the veteran. | ||||||
7 | "Eligible caregiver" means a family member or paid worker | ||||||
8 | who provides care for a qualified veteran with a disability | ||||||
9 | and assists with performing the activities of daily life. | ||||||
10 | "Veteran" means an Illinois resident who has served as a | ||||||
11 | member of the United States Armed Forces on active duty or | ||||||
12 | State active duty, a member of the Illinois National Guard, or | ||||||
13 | a member of the United States Reserve Forces who has received | ||||||
14 | an honorable discharge. | ||||||
15 | "Veteran with a disability" means a veteran with a | ||||||
16 | service-connected disability, as certified by the United | ||||||
17 | States Department of Veterans Affairs. | ||||||
18 | (d) This Section is exempt from the provisions of Section | ||||||
19 | 250.
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20 | Section 99. Effective date. This Act takes effect upon | ||||||
21 | becoming law.
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