100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB3661

 

Introduced , by Rep. Christine Winger

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 5/224 new

    Amends the Illinois Income Tax Act. Creates a credit each individual taxpayer employed as a teacher during the taxable year in an amount equal to the lesser of $100 or the total amount expended by the taxpayer for classroom supplies during the taxable year. Provides that the credit may not be carried forward, carried back, or refunded to the taxpayer. Effective immediately.


LRB100 04217 HLH 14223 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB3661LRB100 04217 HLH 14223 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 adding
5Section 224 as follows:
 
6    (35 ILCS 5/224 new)
7    Sec. 224. Classroom expense credit.
8    (a) For taxable years beginning on or after January 1, 2017
9and beginning prior to January 1, 2022, each individual
10taxpayer employed as a teacher during the taxable year is
11entitled to a credit against the tax imposed by subsections (a)
12and (b) of Section 201 for amounts expended during the taxable
13year for classroom supplies. The amount of the credit is the
14lesser of $100 or the total amount expended by the taxpayer for
15classroom supplies during the taxable year.
16    (b) The tax credit may not reduce the taxpayer's liability
17to less than zero. The amount of any unused credit under this
18Section for a taxable year may not be carried forward to a
19succeeding taxable year, carried back to a preceding taxable
20year, or refunded.
 
21    Section 99. Effective date. This Act takes effect upon
22becoming law.