HB5254 101ST GENERAL ASSEMBLY

LRB101 13104 HLH 61942 b

101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB5254

Introduced , by Rep. Nathan D. Reitz

SYNOPSIS AS INTRODUCED:

35 ILCS 5/230 new

Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 50% of the contributions made by the taxpayer during the taxable year to one or more qualifying pregnancy resource centers. Provides that the term "qualifying pregnancy resource center" means a nonprofit organization that is exempt from taxation under Section 501(c) of the Internal Revenue Code and is established for the purpose of providing free assistance to pregnant women in carrying their pregnancies to term.

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 230 as follows:

(35 ILCS 5/230 new)

Sec. 230. Pregnancy resource center credit.

(a) For taxable years beginning on or after January 1, 2020, there is allowed a refundable credit against the tax imposed under subsections (a) and (b) of Section 201 in an amount equal to 50% of the contributions made by the taxpayer during the taxable year to one or more qualifying pregnancy resource centers.

(b) As used in this Section, "qualifying pregnancy resource center" means a nonprofit organization that is exempt from taxation under Section 501(c) of the Internal Revenue Code and is established for the purpose of providing free assistance to pregnant women in carrying their pregnancies to term; such assistance includes pregnancy tests, ultrasound, prenatal vitamins, maternity clothing, baby clothes and furniture, diapers, cribs, car seats, housing and utility assistance, and nutritional counseling.

(c) This Section is exempt from the provisions of Section 250.