HB1361 97TH GENERAL ASSEMBLY

LRB097 05233 HLH 45283 b

97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB1361

Introduced 2/9/2011, by Rep. Donald L. Moffitt

SYNOPSIS AS INTRODUCED:

35 ILCS 5/221 new

Amends the Illinois Income Tax Act. Provides that each taxpayer who serves as a firefighter during the taxable year is entitled to a credit of $1,000 against his or her income tax liability if the taxpayer completes a firefighter basic training course approved by the Office of the State Fire Marshal during the taxable year. Provides that the credit may be carried forward. Provides that the credit is exempt from the Act's automatic sunset provision.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

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 221 as follows:

(35 ILCS 5/221 new)

Sec. 221. Credit for firefighter basic training.

(a) For each taxable year beginning on or after January 1, 2011, each taxpayer who serves as a firefighter during the taxable year is entitled to a credit of $1,000 against the tax imposed by subsections (a) and (b) of Section 201 of this Act if the taxpayer completes a firefighter basic training course approved by the Office of the State Fire Marshal during the taxable year.

(b) In no event shall a credit under this Section reduce the 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 of 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 a liability, the earlier credit shall be applied first.

(c) This Section is exempt from the provisions of Section 250.