103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB3704

 

Introduced 2/17/2023, by Rep. Suzanne M. Ness

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 5/234 new

    Amends the Illinois Income Tax Act. Provides that, if a dependent of the taxpayer is included in the PUNS database maintained by the Department of Human Services during the taxable year, then the taxpayer is entitled to a refundable income tax credit in the amount of $1,500. Effective immediately.


LRB103 30172 HLH 56600 b

 

 

A BILL FOR

 

HB3704LRB103 30172 HLH 56600 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 dependent; PUNS database.
8    (a) For taxable years ending on or after December 31,
92023, if a dependent of the taxpayer is included in the PUNS
10database maintained by the Department of Human Services during
11the taxable year, then the taxpayer is entitled to a credit
12against the taxes imposed by subsections (a) and (b) of
13Section 201 in the amount of $1,500. The credit under this
14Section may not reduce the taxpayer's liability to less than
15zero. If the amount of the credit or credits exceeds the
16taxpayer's liability, then the excess may be refunded to the
17taxpayer.
18    (b) For the purposes of this Section, an individual is a
19dependent of the taxpayer if the taxpayer is eligible to claim
20the individual as a dependent for federal income tax purposes.
21    (c) This Section is exempt from the provisions of Section
22250.
 

 

 

HB3704- 2 -LRB103 30172 HLH 56600 b

1    Section 99. Effective date. This Act takes effect upon
2becoming law.