102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
Introduced 3/4/2022, by Sen. Jil Tracy, Sally J. Turner, Dan McConchie, Steve McClure and Win Stoller
SYNOPSIS AS INTRODUCED:
Amends the Illinois Income Tax Act. Creates a child care credit in an
amount equal to 25% of the federal tax credit for each qualifying child.
A BILL FOR
|SB4186||LRB102 26489 HLH 37003 b|
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Illinois Income Tax Act is amended by
adding Section 232 as follows:
(35 ILCS 5/232 new)
Child care credit.
(a) For taxable years beginning on or after January 1,
2022, each qualified individual taxpayer is entitled to a
credit against the tax imposed by subsections (a) and (b) of
Section 201 in an amount equal to 25% of the federal tax credit
allowed to the taxpayer for each qualifying child for the
taxable year under Section 24 of the federal Internal Revenue
For a non-resident or part-year resident, the amount of
the credit under this Section shall be in proportion to the
amount of income attributable to this State.
(b) If the amount of the credit exceeds the income tax
liability for the applicable tax year, then the excess credit
shall be refunded to the taxpayer. The amount of any refunded
credit under this Section shall not be included in the
taxpayer's income or resources for the purposes of determining
eligibility or benefit level in any means-tested benefit