Bill Text: IL HB4858 | 2019-2020 | 101st General Assembly | Introduced
Bill Title: Amends the Illinois Income Tax Act. Creates a credit in an amount equal to $5,000 for taxpayers that first begin to operate an onsite clinic for use by employees of the taxpayer during the taxable year. Effective immediately.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2020-02-18 - Referred to Rules Committee [HB4858 Detail]
Download: Illinois-2019-HB4858-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 adding | ||||||||||||||||||||||||
5 | Section 232 as follows:
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6 | (35 ILCS 5/232 new) | ||||||||||||||||||||||||
7 | Sec. 232. Credit for employee clinics. | ||||||||||||||||||||||||
8 | (a) For taxable years beginning on or after January 1, | ||||||||||||||||||||||||
9 | 2020, there shall be allowed a credit against the tax imposed | ||||||||||||||||||||||||
10 | by subsections (a) and (b) of Section 201 of this Act in amount | ||||||||||||||||||||||||
11 | equal to $5,000 for each taxpayer that first begins to operate | ||||||||||||||||||||||||
12 | an onsite clinic for use by employees of the taxpayer during | ||||||||||||||||||||||||
13 | the 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 the | ||||||||||||||||||||||||
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) The Department of Labor, in collaboration with the |
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1 | Department of Revenue, shall adopt rules to implement the | ||||||
2 | provisions of this Section. | ||||||
3 | (d) For the purposes of this Section, "onsite clinic" means | ||||||
4 | a facility, operated at the expense of the taxpayer claiming | ||||||
5 | the credit, that offers one or more medical and wellness | ||||||
6 | services delivered by licensed healthcare providers to the | ||||||
7 | taxpayer's employees and is open on a regular basis during the | ||||||
8 | taxable year. | ||||||
9 | (e) This Section is exempt from the provisions of Section | ||||||
10 | 250.
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11 | Section 99. Effective date. This Act takes effect upon | ||||||
12 | becoming law.
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