99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB6210
 
Introduced 2/11/2016, by Rep. Tom Demmer
 
SYNOPSIS AS INTRODUCED:
 

 
35 ILCS 5/224 new

     Amends the Illinois Income Tax Act.  Creates a credit for individual taxpayers who are employed as transportation network company drivers for an average of at least 18 hours per week during the taxable year.  Provides that the credit shall be in an amount equal to the amount expended by the taxpayer during the taxable year for the purchase of a new automobile or for repairs to an existing automobile, but not to exceed $1,000 in any taxable year.  Provides that the credit is exempt from the Act's automatic sunset provision.
  


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FISCAL NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
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1    AN ACT concerning revenue.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Illinois Income Tax Act is amended  by adding 
5Section 224 as follows:
 
6    (35 ILCS 5/224 new)
7    Sec. 224. Credit for transportation network company 
8drivers.
9    (a)  For taxable years beginning on or after January 1, 
102016, each individual taxpayer who is employed as a 
11transportation network company driver, as defined in Section 5 
12of the Transportation Network Providers Act, for an average of 
13at least 18 hours per week during the taxable year is allowed a 
14credit against the tax imposed by subsections (a) and (b) of 
15Section 201 in an amount equal to the amount expended by the 
16taxpayer during the taxable year for the purchase of a new 
17automobile or for repairs to an existing automobile.  The amount 
18of the credit may not exceed $1,000 for each eligible taxpayer 
19in any taxable year. 
20    (b)  The tax credit under this Section may not reduce the 
21taxpayer's liability to less than zero. If the amount of the 
22tax credit exceeds the tax liability for the year, the excess 
23may be carried forward and applied to the tax liability of the 
 
 
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15 taxable years following the excess credit year. The credit 
2must be applied to the earliest year for which there is a tax 
3liability. If there are credits from more than one tax year 
4that are available to offset a liability, then the earlier 
5credit must be applied first. 
6    (c)  This Section is exempt from the provisions of Section 
7250.