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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB0138 Introduced 1/14/2021, by Rep. Debbie Meyers-Martin SYNOPSIS AS INTRODUCED:
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Amends the Illinois Income Tax Act. Creates an income tax credit in the amount of $250 for taxpayers who (i) adopt an animal from a no kill animal shelter and (ii) retain ownership of the animal for a period of 6 consecutive months during the taxable year. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB0138 | | LRB102 02762 HLH 12769 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Income Tax Act is amended by |
| 5 | | adding Section 232 as follows:
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| 6 | | (35 ILCS 5/232 new) |
| 7 | | Sec. 232. Pet adoption credit. |
| 8 | | (a) For taxable years beginning on or after January 1, |
| 9 | | 2021, a taxpayer who (i) adopts an animal from a no kill animal |
| 10 | | shelter and (ii) retains ownership of the animal for a period |
| 11 | | of 6 consecutive months during the taxable year is entitled to |
| 12 | | a credit against the tax imposed by subsections (a) and (b) of |
| 13 | | Section 201 in the amount of $250. As used in this Section, a |
| 14 | | "no kill animal shelter" means an animal shelter where fewer |
| 15 | | than 10% of the animals received were euthanized in the |
| 16 | | previous calendar year. |
| 17 | | (b) If the amount of the credit exceeds the tax liability |
| 18 | | for the year, the excess may be carried forward and applied to |
| 19 | | the tax liability of the 5 tax years following the excess |
| 20 | | credit year. The tax credit award shall be applied to the |
| 21 | | earliest year for which there is a tax liability. If there are |
| 22 | | credits from more than one tax year that are available to |
| 23 | | offset liability, the earlier credit shall be applied first. |