SB2277 - 104th General Assembly

INC TX-CHILD CARE
Last Action
6/02/2025 - Senate: Rule 3-9(a) / Re-referred to Assignments
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, for taxable years ending on or after December 31, 2025, the credit for employee child care shall be in an amount equal to: (1) 50% of the start-up costs expended by the corporate taxpayer to provide a child care facility for the children of its employees; and (2) 20% of the annual amount paid by the corporate taxpayer to (i) provide an on-site child care facility for the children of its employees, (ii) provide child care offsite for the children of its employees, or (iii) a combination of (i) and (ii) (currently, 30% of the start-up costs and 5% of the annual amount paid by the taxpayer in providing the child care facility). Provides that the taxpayer may coordinate with an independent child care facility to provide care for the children of employees. Effective immediately.
Actions
Date Chamber Action
2/07/2025 Senate Filed with Secretary by Sen. John F. Curran
2/07/2025 Senate First Reading
2/07/2025 Senate Referred to Assignments
3/04/2025 Senate Assigned to Revenue
3/05/2025 Senate Chief Sponsor Changed to Sen. Darby A. Hills
3/06/2025 Senate Added as Co-Sponsor Sen. Jil Tracy
3/13/2025 Senate Added as Co-Sponsor Sen. Terri Bryant
3/14/2025 Senate Added as Co-Sponsor Sen. Sally J. Turner
3/19/2025 Senate Added as Chief Co-Sponsor Sen. John F. Curran
3/19/2025 Senate Added as Co-Sponsor Sen. Seth Lewis
3/21/2025 Senate Rule 2-10 Committee Deadline Established As April 11, 2025
4/02/2025 Senate Added as Co-Sponsor Sen. Chris Balkema
4/09/2025 Senate Added as Co-Sponsor Sen. Erica Harriss
4/11/2025 Senate Rule 2-10 Committee Deadline Established As May 9, 2025
4/29/2025 Senate Added as Co-Sponsor Sen. Dale Fowler
5/09/2025 Senate Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
5/23/2025 Senate Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
6/02/2025 Senate Rule 3-9(a) / Re-referred to Assignments