Bill Text: IL HB3924 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amends the Illinois Income Tax Act. Authorizes a credit to individual taxpayers of $20 per month that the taxpayer bicycles to and from work at least 10 days during that month. Requires verification by the employer. Provides that the credit may not reduce the taxpayer's liability to less than zero and may not be carried forward or back. Effective immediately.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee [HB3924 Detail]

Download: Illinois-2009-HB3924-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 HB3924 Introduced 2/26/2009, by Rep. Elizabeth Coulson SYNOPSIS AS INTRODUCED:
35 ILCS 5/218 new
Amends the Illinois Income Tax Act. Authorizes a credit to individual taxpayers of $20 per month that the taxpayer bicycles to and from work at least 10 days during that month. Requires verification by the employer. Provides that the credit may not reduce the taxpayer's liability to less than zero and may not be carried forward or back. Effective immediately.
LRB096 06333 RCE 16416 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
HB3924 LRB096 06333 RCE 16416 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Income Tax Act is amended by adding
Section 218 as follows:
(35 ILCS 5/218 new)
Sec. 218. Credit for bicycling to work.
(a) For each taxable year ending on or after December 31,
2009, each individual taxpayer is entitled to a credit against
the tax imposed by subsections (a) and (b) of Section 201 of
this Act in an amount equal to $20 per month that the
individual rides his or her bicycle to and from work and his or
her residence at least 10 days of that month.
(b) To claim a credit under this Section, a taxpayer must
attach to his or her return a signed letter from his or her
employer verifying the number of months during the taxable year
that the taxpayer qualifies for the credit. The Department of
Revenue may adopt rules to implement and administer the credit.
(c) In no event shall a credit under this Section reduce
the taxpayer's liability to less than zero. If the amount of
the credit exceeds the tax liability for the year, the excess
may not be carried forward or carried back.

HB3924 - 2 - LRB096 06333 RCE 16416 b
Section 99. Effective date. This Act takes effect upon
becoming law.