Rep. Dave Vella

Filed: 2/8/2022





10200HB4214ham001LRB102 20716 HLH 35629 a


2    AMENDMENT NO. ______. Amend House Bill 4214 by replacing
3everything after the enacting clause with the following:
4    "Section 5. The Illinois Income Tax Act is amended by
5adding Section 232 as follows:
6    (35 ILCS 5/232 new)
7    Sec. 232. Credit for vision and dental benefits.
8    (a) For taxable years that begin on or after January 1,
92022 and begin prior to January 1, 2025, each taxpayer that is
10a hospitality employer is entitled to a credit against the tax
11imposed by subsections (a) and (b) of Section 201 in an amount
12equal to 100% of the amount paid by the taxpayer to provide
13vision and dental benefits, life insurance, and short-term
14disability coverage for its employees during the taxable year.
15The credit shall be calculated using the employer-paid portion
16of the insurance carrier premiums for dental, vision,



10200HB4214ham001- 2 -LRB102 20716 HLH 35629 a

1short-term disability, and term life insurance coverages.
2    (b) For partners, shareholders of Subchapter S
3corporations, and owners of limited liability companies, if
4the limited liability company is treated as a partnership for
5the purposes of federal and State income taxation, there shall
6be allowed a credit under this Section to be determined in
7accordance with the determination of income and distributive
8share of income under Sections 702 and 704 and Subchapter S of
9the Internal Revenue Code.
10    (c) In no event shall a credit under this Section reduce
11the taxpayer's liability to less than zero. If the amount of
12the credit exceeds the tax liability for the year, the excess
13may be carried forward and applied to the tax liability of the
145 taxable years following the excess credit year. The tax
15credit shall be applied to the earliest year for which there is
16a tax liability. If there are credits for more than one year
17that are available to offset a liability, the earlier credit
18shall be applied first.
19    (d) As used in this Section, "hospitality employer" means
20a business that is incorporated in Illinois and has a North
21American Industry Classification System (NAICS) Code 7223,
22722310, 722320, 722330, 7225, 722511, 722513, 722514, or
24    Section 99. Effective date. This Act takes effect upon
25becoming law.".