100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB2632

 

Introduced , by Rep. Sonya M. Harper

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 5/224 new

    Amends the Illinois Income Tax Act. Provides a credit for the head of a single parent household that operates a business from his or her residential property for each dependent under the age of 18 living in that household. Defines terms. Effective immediately.


LRB100 10874 HLH 21109 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB2632LRB100 10874 HLH 21109 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Income Tax Act is amended by adding
5Section 224 as follows:
 
6    (35 ILCS 5/224 new)
7    Sec. 224. Single-parent households. For taxable years
8starting on and after January 1, 2017, the head of a single
9parent household who operates an at-home business from his or
10her residential property is entitled to a credit against the
11taxes imposed under subsections (a) and (b) of Section 201 of
12this Act in an amount equal to $500.00 for each dependent of
13the single parent under age 18 residing in that household.
14    As used in this Section:
15    "Single parent household" means a household with children
16under age 18 headed by a single adult who is widowed, divorced
17and not remarried, or was never married.
18    "At-home business" means any business for which the primary
19administrative and managerial activities take place within an
20individual's personal residence.
 
21    Section 99. Effective date. This Act takes effect upon
22becoming law.