HB3924 96TH GENERAL ASSEMBLY

LRB096 06333 RCE 16416 b

96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB3924

Introduced 2/26/2009, by Rep. Elizabeth Coulson

SYNOPSIS AS INTRODUCED:

35 ILCS 5/218 new

Amends the Illinois Income Tax Act. Authorizes a credit to individual taxpayers of $20 per month that the taxpayer bicycles to and from work at least 10 days during that month. Requires verification by the employer. Provides that the credit may not reduce the taxpayer's liability to less than zero and may not be carried forward or back. Effective immediately.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning revenue.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Income Tax Act is amended by adding Section 218 as follows:

(35 ILCS 5/218 new)

Sec. 218. Credit for bicycling to work.

(a) For each taxable year ending on or after December 31, 2009, each individual taxpayer is entitled to a credit against the tax imposed by subsections (a) and (b) of Section 201 of this Act in an amount equal to $20 per month that the individual rides his or her bicycle to and from work and his or her residence at least 10 days of that month.

(b) To claim a credit under this Section, a taxpayer must attach to his or her return a signed letter from his or her employer verifying the number of months during the taxable year that the taxpayer qualifies for the credit. The Department of Revenue may adopt rules to implement and administer the credit.

(c) In no event shall a credit under this Section reduce the taxpayer's liability to less than zero. If the amount of the credit exceeds the tax liability for the year, the excess may not be carried forward or carried back.

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