101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
SB1162

 

Introduced 2/5/2019, by Sen. Ram Villivalam

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 5/229 new

    Amends the Illinois Income Tax Act. Creates a credit in the amount of $25 for individual taxpayers who vote in an election during the taxable year. Effective immediately.


LRB101 08034 HLH 53096 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB1162LRB101 08034 HLH 53096 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Income Tax Act is amended by adding
5Section 229 as follows:
 
6    (35 ILCS 5/229 new)
7    Sec. 229. Tax credit for voting. For taxable years
8beginning on or after January 1, 2020, each individual taxpayer
9who votes in an election during the taxable year shall be
10allowed a credit against the tax imposed by subsections (a) and
11(b) of Section 201 of this Act in the amount of $25.
12    In no event shall a credit under this Section reduce the
13taxpayer's liability to less than zero. If the amount of the
14credit exceeds the tax liability for the year, the excess may
15not be carried forward or back.
16    The State Board of Elections shall share information with
17the Department, upon request, for the sole purpose of verifying
18that taxpayers who claim the credit under this Section are
19eligible for the credit.
20    As used in this Section, "election" means either the
21general election or consolidated election, as described in the
22Election Code. "Election" does not include the general primary
23election or consolidated primary election.

 

 

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1    This Section is exempt from the provisions of Section 250.
 
2    Section 99. Effective date. This Act takes effect upon
3becoming law.