HB1192ham001 104TH GENERAL ASSEMBLY

Rep. Steven Reick

Filed: 3/13/2025

10400HB1192ham001 LRB104 03366 HLH 23629 a

AMENDMENT TO HOUSE BILL 1192

AMENDMENT NO. ______. Amend House Bill 1192 by replacing everything from line 22 on page 1 through line 8 on page 2 with the following:

"For taxable years beginning on or after January 1, 2025, if the amount of the credit exceeds the taxpayer's income tax liability for the applicable tax year, then the excess credit shall be refunded to the taxpayer if the taxpayer is 65 years of age or older on the last day of the taxable year for which the credit is taken and the taxpayer's adjusted gross income for the taxable year does not exceed (i) $50,000, in the case of spouses filing a joint federal tax return, or (ii) $25,000, in the case of all other taxpayers. For the purposes of this Section, in the case of spouses filing a joint return, only one spouse is required to have obtained the age of 65 by the last day of the taxable year for which the credit is taken to be eligible for the refund of the excess credit. Taxpayers, including spouses if filing a joint return, shall provide their year of birth on their Illinois income tax return for the taxable year for which the credit is allowed. The amount of a refund under this Section shall not be included in the taxpayer's income or resources for the purposes of determining eligibility or benefit level in any means-tested benefit program administered by a governmental entity unless required by federal law.

The Secretary of State shall exchange information with the Department for the purpose of verifying the age of a taxpayer claiming a refundable credit under this Section.".