103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB4526
 
Introduced 1/31/2024, by Rep. Jackie Haas
 
SYNOPSIS AS INTRODUCED:
 
35 ILCS 5/241 new
    Amends the Illinois Income Tax Act. Creates an income tax credit in the amount of $5,000 for a taxpayer who is a qualified community care physician. Effective immediately.


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A BILL FOR
 
HB4526LRB103 36474 HLH 66577 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 241 as follows:
 
6    (35 ILCS 5/241 new)
7    Sec. 241. Community care providers credit.
8    (a) For taxable years beginning on or after January 1, 
92025, an individual taxpayer who is a qualified community care 
10physician shall be allowed a credit against the tax imposed by 
11subsections (a) and (b) of Section 201 in the amount of $5,000. 
12    (b) The credit or credits may not reduce the taxpayer's 
13liability to less than zero. If the amount of the tax credit 
14exceeds the taxpayer's liability for the year, the excess may 
15not be carried forward or carried back. 
16    (c) As used in this Section: 
17    "Good standing" means that the Illinois State Medical 
18Board has not taken any adverse disciplinary action against 
19the person at any time and that the person has had no more than 
203 medical malpractice judgments or settlements in the 4 years 
21immediately preceding the taxable year in which the person is 
22seeking the credit. 
23    "Qualified community care physician" means a person who is 
 
 
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1licensed to practice medicine in all of its branches under the 
2Medical Practice Act of 1987 and who: 
3        (1) is in good standing; 
4        (2) is certified by the United States Department of 
5    Veterans Affairs as part of the community care network; 
6    and 
7        (3) provides health care services during the taxable 
8    year to at least 5 patients who qualify for the Veterans 
9    Community Care Program at the time the health care 
10    services are rendered. 
11    "Veterans Community Care Program" means the Community Care 
12Program operated by the United States Department of Veterans 
13Affairs. 
14    (d) This Section is exempt from the provisions of Section 
15250. 
 
16    Section 99. Effective date. This Act takes effect upon 
17becoming law.