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91_HB0890
LRB9101531PTpk
1 AN ACT to amend the Illinois Income Tax Act by adding
2 Section 211.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Income Tax Act is amended by
6 adding Section 211 as follows:
7 (35 ILCS 5/211 new)
8 Sec. 211. Earned income tax credit.
9 (a) With respect to the federal earned income tax credit
10 allowed for the taxable year under Section 32 of the federal
11 Internal Revenue Code, 26 U.S.C. 32, each individual taxpayer
12 is entitled to a credit against the tax imposed by
13 subsections (a) and (b) of Section 201 in an amount equal to
14 the following percentage of the federal credit:
15 (1) For taxable year 1999, 10%.
16 (2) For taxable years 2000 and 2001, 15%.
17 (3) For taxable year 2002 and thereafter, 20%.
18 For a non resident or part-year resident, the amount of the
19 credit under this Section shall be reduced by multiplying the
20 amount of the credit by the percentage of income allocated to
21 this State.
22 (b) If the amount of the credit exceeds the tax liability
23 for the year, then the excess credit shall be refunded to the
24 taxpayer. The amount of a refund shall not be included in
25 the taxpayer's income or resources for the purposes of
26 determining eligibility or benefit level in any means-tested
27 benefit program administered by a governmental entity unless
28 required by federal law.
29 (c) The Department shall calculate the amount of the
30 earned income credit on behalf of an individual taxpayer if
31 the taxpayer (i) requests assistance on the prescribed form
-2- LRB9101531PTpk
1 and (ii) submits the required information.
2 Section 99. Effective date. This Act takes effect upon
3 becoming law.