HB5863 98TH GENERAL ASSEMBLY

LRB098 19088 HLH 54238 b

98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB5863

Introduced , by Rep. Donald L. Moffitt

SYNOPSIS AS INTRODUCED:

35 ILCS 5/224 new

Amends the Illinois Income Tax Act. Creates a credit for taxpayers who are employed by or volunteer for a county emergency medical services agency in a county with a population of fewer than 10,000 as a paramedic, firefighter, emergency medical technician, or ambulance driver. Provides that the credit shall be equal to 5% of the base amount of the standard exemption for individuals. 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 224 as follows:

(35 ILCS 5/224 new)

Sec. 224. Emergency medical services employees and volunteers tax credit. Beginning with tax years ending after December 31, 2014, each taxpayer who is employed by or volunteers for a county emergency medical services agency in a county with a population of fewer than 10,000 as a paramedic, firefighter, emergency medical technician, or ambulance driver shall be allowed a credit against the tax imposed by subsections (a) and (b) of Section 201 of this Act. The credit shall be equal to 5% of the base amount of the standard exemption for individuals, as defined in subsection (b) of Section 204.

In no event shall a credit under this Section reduce the taxpayer's liability under this Act to less than zero.

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