Sen. Omar Aquino
Filed: 3/19/2021
 
 

 

 

 
10200SB2053sam001LRB102 11522 HLH 23542 a



1
AMENDMENT TO SENATE BILL 2053




2    AMENDMENT NO. ______. Amend Senate Bill 2053 by replacing 
3everything after the enacting clause with the following:


 
 
4    "Section 5. The Illinois Income Tax Act is amended  by 
5adding Section 232 as follows:
 
6    (35 ILCS 5/232 new)
7    Sec. 232. Credit for qualified teachers.
8    (a) For taxable years ending on or after December 31, 
92021, each qualified teacher is entitled to a credit against 
10the taxes imposed by subsections (a) and (b) of Section 201 in 
11an aggregate amount equal to 50% of the unreimbursed tuition 
12costs incurred by that teacher at a public university in the 
13State. Each qualified teacher may take no more than 20% of his 
14or her aggregate credit amount in any taxable year. 
15Notwithstanding the provisions of this subsection (a), the 
16credit used by any particular taxpayer in any taxable year 
 
 
10200SB2053sam001- 2 -LRB102 11522 HLH 23542 a

1shall not exceed $10,000. 
2    (b) In no event shall a credit under this Section reduce a 
3taxpayer's liability to less than zero. If the amount of 
4credit exceeds the tax liability for the year, the excess may 
5be carried forward and applied to the tax liability for the 5 
6taxable years following the excess credit year. The tax credit 
7shall be applied to the earliest year for which there is a tax 
8liability. If there are credits for more than one year that are 
9available to offset liability, the earlier credit shall be 
10applied first. 
11    (c) As used in this Section, "qualified teacher" means an 
12individual who (i) graduated from a public university in the 
13State, (ii) is first employed as a public school teacher after 
14December 31, 2020, and (iii) has been employed as a public 
15school teacher in the State for at least 5 consecutive years. 
16    (d) The Department shall adopt rules to implement this 
17Section. 
18    (e) This Section is exempt from the provisions of Section 
19250. 
 
 
20    Section 99. Effective date. This Act takes effect upon 
21becoming law.".