Bill Text: IL HB2808 | 2019-2020 | 101st General Assembly | Introduced
Bill Title: Amends the Illinois Income Tax Act. Provides that the credit for instructional materials and supplies may not exceed $500 (currently, $250). Effective immediately.
Spectrum: Partisan Bill (Democrat 6-0)
Status: (Introduced - Dead) 2020-05-22 - Added Co-Sponsor Rep. Michelle Mussman [HB2808 Detail]
Download: Illinois-2019-HB2808-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 | changing Section 225 as follows:
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6 | (35 ILCS 5/225) | ||||||||||||||||||||||||
7 | Sec. 225. Credit for instructional materials and supplies. | ||||||||||||||||||||||||
8 | For taxable years beginning on and after January 1, 2017, a | ||||||||||||||||||||||||
9 | taxpayer shall be allowed a credit in the amount paid by the | ||||||||||||||||||||||||
10 | taxpayer during the taxable year for instructional materials | ||||||||||||||||||||||||
11 | and supplies with respect to classroom based instruction in a | ||||||||||||||||||||||||
12 | qualified school , or $250, whichever is less , provided that the | ||||||||||||||||||||||||
13 | taxpayer is a teacher, instructor, counselor, principal, or | ||||||||||||||||||||||||
14 | aide in a qualified school for at least 900 hours during a | ||||||||||||||||||||||||
15 | school year. The amount of the credit may not exceed (i) $250 | ||||||||||||||||||||||||
16 | for taxable years prior to January 1, 2019 or (ii) $500 for | ||||||||||||||||||||||||
17 | taxable years beginning on or after January 1, 2019. | ||||||||||||||||||||||||
18 | The credit may not be carried back and may not reduce the | ||||||||||||||||||||||||
19 | taxpayer's liability to less than zero. If the amount of the | ||||||||||||||||||||||||
20 | credit exceeds the tax liability for the year, the excess may | ||||||||||||||||||||||||
21 | be carried forward and applied to the tax liability of the 5 | ||||||||||||||||||||||||
22 | taxable years following the excess credit year. The tax credit | ||||||||||||||||||||||||
23 | shall be applied to the earliest year for which there is a tax |
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1 | liability. If there are credits for more than one year that are | ||||||
2 | available to offset a liability, the earlier credit shall be | ||||||
3 | applied first. | ||||||
4 | For purposes of this Section, the term "materials and | ||||||
5 | supplies" means amounts paid for instructional materials or | ||||||
6 | supplies that are designated for classroom use in any qualified | ||||||
7 | school. For purposes of this Section, the term "qualified | ||||||
8 | school" means a public school or non-public school located in | ||||||
9 | Illinois. | ||||||
10 | This Section is exempt from the provisions of Section 250.
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11 | (Source: P.A. 100-22, eff. 7-6-17.)
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12 | Section 99. Effective date. This Act takes effect upon | ||||||
13 | becoming law.
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