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91_HB2688
LRB9103470PTmb
1 AN ACT to amend the Illinois Income Tax Act by adding
2 Section 211.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Income Tax Act is amended by
6 adding Section 211 as follows:
7 (35 ILCS 5/211 new)
8 Sec. 211. Classroom expense credit. For taxable years
9 beginning on or after January 1, 1999, an individual taxpayer
10 whose primary occupation is an elementary or secondary school
11 teacher is entitled to a credit against the taxes imposed by
12 subsections (a) and (b) of Section 201 in an amount equal to
13 personal expenditures made by the taxpayer for teaching
14 materials as defined by rule of the Department. The amount
15 of the credit is limited to $500 or the individual's tax
16 liability, whichever is less. If the amount of a credit
17 exceeds the tax liability for the year, then the excess may
18 not be carried forward and applied to the tax liability of a
19 succeeding taxable year. This Section is exempt from the
20 provisions of Section 250.
21 Section 99. Effective date. This Act takes effect upon
22 becoming law.