103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB2466

 

Introduced 2/15/2023, by Rep. Suzanne M. Ness

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 5/234 new

    Amends the Illinois Income Tax Act. Provides that a taxpayer who employs a person with a developmental disability or a severe mental illness, as certified by the Department of Human Services, during the taxable year is entitled to an income tax credit in an amount equal to 25% of the wages paid by the taxpayer to the person with a developmental disability or severe mental illness, but not to exceed $6,000 in wages paid during the taxable year to any single qualified employee. Effective immediately.


LRB103 29667 HLH 56069 b

 

 

A BILL FOR

 

HB2466LRB103 29667 HLH 56069 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
5adding Section 234 as follows:
 
6    (35 ILCS 5/234 new)
7    Sec. 234. Credit for employment of persons with
8developmental disabilities or severe mental illness.
9    (a) For taxable years beginning on or after January 1,
102024, a taxpayer who employs a person with a developmental
11disability or a severe mental illness, as certified by the
12Department of Human Services, during the taxable year is
13entitled to a credit against the taxes imposed by subsections
14(a) and (b) of Section 201 in an amount equal to 25% of the
15wages paid by the taxpayer to the person with a developmental
16disability or severe mental illness, but not to exceed $6,000
17in wages paid during the taxable year to any single qualified
18employee.
19    (b) The taxpayer shall apply, in the form and manner
20required by the Department of Human Services, for a
21determination of whether an employee meets the requirements
22under subsection (a). If an employee meets the requirements, a
23letter of certification containing the names of the taxpayer

 

 

HB2466- 2 -LRB103 29667 HLH 56069 b

1and the qualifying employee shall be issued by the Department
2of Human Services to the taxpayer. The Department of Human
3Services shall adopt rules for the certification of employees
4under this Section.
5    (c) The tax credit may not reduce the taxpayer's liability
6to less than zero. If the amount of the tax credit exceeds the
7tax liability for the year, the excess may be carried forward
8and applied to the tax liability of the 5 taxable years
9following the excess credit year. The credit must be applied
10to the earliest year for which there is a tax liability. If
11there are credits from more than one tax year that are
12available to offset a liability, then the earlier credit must
13be applied first.
14    (d) If the taxpayer is a partnership or Subchapter S
15corporation, the credit is allowed to the partners or
16shareholders in accordance with the determination of income
17and distributive share of income under Sections 702 and 704
18and Subchapter S of the Internal Revenue Code.
19    (e) This Section is exempt from the provisions of Section
20250.
 
21    Section 99. Effective date. This Act takes effect upon
22becoming law.