093_HB2184

 
                                     LRB093 09702 SJM 09942 b

 1        AN ACT concerning taxes.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.  The  Illinois  Income  Tax Act is amended by
 5    adding Section 213 as follows:

 6        (35 ILCS 5/213 new)
 7        Sec. 213. Armed service support credit.
 8        (a)  Intent. The armed service support credit  authorized
 9    by  this  Section  is  to  compensate  the serviceperson, the
10    family of a serviceperson, or both when  a  serviceperson  is
11    activated for military service for the time and effort needed
12    to   deal   with  the  serviceperson's  interests  while  the
13    serviceperson is away on active service.
14        (b)  Credit.  For  taxable  years  ending  on  or   after
15    December  31,  2003,  each  taxpayer  is entitled to a credit
16    against the tax imposed by subsections (a) and (b) of Section
17    201 in the amount of $1,000 per taxable year if the  taxpayer
18    is  a  member  of the Illinois National Guard or of a reserve
19    component of the armed forces of the United States and served
20    for at least 60 continuous days of  active  military  service
21    during  the  taxable  year  pursuant  to orders of either the
22    Governor or the President of the United States.
23        (c)  Carryforward. If the amount of  the  credit  exceeds
24    the  tax  liability  for  the year, the excess may be carried
25    forward and applied to the tax liability of  the  10  taxable
26    years  following  the excess credit year. The credit shall be
27    applied to the  earliest  year  for  which  there  is  a  tax
28    liability.  If  there are credits from more than one tax year
29    that are available to offset a liability, the earlier  credit
30    shall be applied first.
31        (d)  Sunset  exemption.  This  Section is exempt from the
 
                            -2-      LRB093 09702 SJM 09942 b
 1    provisions of Section 250.

 2        Section 99.  Effective date.  This Act takes effect  upon
 3    becoming law.