Bill Text: IL SB3027 | 2021-2022 | 102nd General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Reinserts the provisions of the introduced bill with changes. Provides that, to qualify for the credit, the volunteer emergency worker may not receive compensation for his or her services of more than $10,000 for the taxable year. Removes provisions concerning volunteer fire protection associations. Makes changes to the definition of "volunteer emergency worker". Effective immediately.

Spectrum: Bipartisan Bill

Status: (Engrossed - Dead) 2022-04-01 - Added Alternate Co-Sponsor Rep. Maurice A. West, II [SB3027 Detail]

Download: Illinois-2021-SB3027-Introduced.html

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102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 SB3027 Introduced 1/5/2022, by Sen. Christopher Belt SYNOPSIS AS INTRODUCED:
35 ILCS 5/232 new
Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to $500 for individuals who serve as volunteer emergency workers for or on behalf of a volunteer fire protection association. Effective immediately.
LRB102 22765 HLH 31911 b
A BILL FOR
SB3027 LRB102 22765 HLH 31911 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 232 as follows:
(35 ILCS 5/232 new)
Sec. 232. Volunteer firefighters and volunteer EMS
providers.
(a) For taxable years beginning on or after January 1,
2023, each individual who serves as a volunteer emergency
worker for, or on behalf of, a volunteer fire protection
association for at least 9 months during the taxable year is
entitled to a credit against the taxes imposed by subsections
(a) and (b) of Section 201 in an amount equal to $500.
(b) In no event shall a credit under this Section reduce a
taxpayer's liability to less than zero. If the amount of the
credit exceeds the tax liability for the year, the excess may
be carried forward and applied to the tax liability for the 5
taxable years following the excess credit year. The tax credit
shall be applied to the earliest year for which there is a tax
liability. If there are credits for more than one year that are
available to offset liability, the earlier credit shall be
applied first.

SB3027 - 2 - LRB102 22765 HLH 31911 b
(c) As used in this Section:
"Volunteer emergency worker" has the meaning given to that
term in Section 3 of the Volunteer Emergency Worker Job
Protection Act.
"Volunteer fire protection association" has the meaning
given to that term in Section 2 of the Volunteer Fire
Protection Association Act.
(d) This Section is exempt from the provisions of Section
250.
Section 99. Effective date. This Act takes effect upon
becoming law.