Sen. Andy Manar
Filed: 4/19/2018
 
 

 

 

 
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1
AMENDMENT TO SENATE BILL 489




2    AMENDMENT NO. ______. Amend Senate Bill 489 by replacing 
3everything after the enacting clause with the following:

 
4    "Section 5. The Illinois Income Tax Act is amended  by 
5adding Section 227 as follows:
 
6    (35 ILCS 5/227 new)
7    Sec. 227. Foster family home tax credit.
8    (a) For taxable years ending on or after December 31, 2018, 
9an individual who has a licensed foster family home with an 
10applicable foster care placement in Illinois is entitled to a 
11credit against the tax imposed by subsections (a) and (b) of 
12Section 201 in an amount equal to $500. The total credit 
13allowed with respect to any licensed foster family home shall 
14not exceed $500 per taxable year. 
15    (b) The credit shall not be awarded to a licensed foster 
16family home if any person living in the household: 
 
 
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1        (1) has had a foster care license revoked; 
2        (2) has surrendered a foster care license for cause; 
3        (3) has had a foster care license expire or surrendered 
4    a foster care license while either an abuse or neglect 
5    investigation or licensing investigation was pending or an 
6    involuntary placement hold was placed on the home; or 
7        (4) has had an indicated report of abuse or neglect. 
8    (c) In no event shall a credit under this Section reduce a 
9taxpayer's liability to less than zero. If the amount of credit 
10exceeds the tax liability for the year, the excess may be 
11carried forward and applied to the tax liability for the 5 
12taxable years following the excess credit year. The tax credit 
13shall be applied to the earliest year for which there is a tax 
14liability. If there are credits for more than one year that are 
15available to offset liability, the earlier credit shall be 
16applied first. 
17    (d) The Department of Children and Family Services shall 
18provide to the Department of Revenue, not later than January 15 
19of each year, a list of individuals who have licensed foster 
20family homes that meet the requirements for credit under 
21subsections (a) and (b) of this Section during the prior 
22calendar year. Such list shall include the name and taxpayer 
23identification number of each individual who has a licensed 
24foster family home with an applicable foster care placement, 
25the address of such home, and the names and identification 
26numbers of each child placed with such individual. 
 
 
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1    (e) For purposes of this Section: 
2    "Applicable foster care placement" means a foster care 
3placement in an Illinois-licensed foster family home under the 
4Child Care Act of 1969 for more than 6 months out of the year. 

 
5    Section 99. Effective date. This Act takes effect upon 
6becoming law.".