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| | 104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB1218 Introduced 1/9/2025, by Rep. Adam M. Niemerg SYNOPSIS AS INTRODUCED:
| | | Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to $1,500 for each person who is claimed as a dependent of the taxpayer for the taxable year under Section 152 of the Internal Revenue Code. Effective immediately. |
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| | A BILL FOR |
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| | HB1218 | | LRB104 05004 HLH 15032 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, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Income Tax Act is amended by |
| 5 | | adding Section 235 as follows:
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| 6 | | (35 ILCS 5/235 new) |
| 7 | | Sec. 235. Dependent tax credit. |
| 8 | | (a) For taxable years beginning on or after January 1, |
| 9 | | 2026, there shall be allowed a credit against the tax imposed |
| 10 | | by subsections (a) and (b) of Section 201 in an amount |
| 11 | | calculated under subsection (b). The credit under this Section |
| 12 | | may not reduce the taxpayer's liability to less than zero. |
| 13 | | (b) The maximum amount of the credit allowed under this |
| 14 | | Section is $1,500 for each person who is claimed as a dependent |
| 15 | | of the taxpayer for the taxable year under Section 152 of the |
| 16 | | Internal Revenue Code. |
| 17 | | (c) The Department of Revenue may adopt rules necessary or |
| 18 | | appropriate to carry out the purposes of this Section. |
| 19 | | (d) This Section is exempt from Section 250.
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| 20 | | Section 99. Effective date. This Act takes effect upon |
| 21 | | becoming law. |