Sen. Andy Manar
Filed: 4/17/2018
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| 1 | AMENDMENT TO SENATE BILL 489
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| 2 | AMENDMENT NO. ______. Amend Senate Bill 489 by replacing | ||||||
| 3 | everything after the enacting clause with the following:
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| 4 | "Section 5. The Illinois Income Tax Act is amended by | ||||||
| 5 | adding Section 227 as follows: | ||||||
| 6 | (35 ILCS 5/227 new) | ||||||
| 7 | Sec. 227. Foster family home tax credit. | ||||||
| 8 | (a) For taxable years ending on or after December 31, 2018, | ||||||
| 9 | an individual who has a licensed foster family home with an | ||||||
| 10 | applicable foster care placement in Illinois is entitled to a | ||||||
| 11 | credit against the tax imposed by subsections (a) and (b) of | ||||||
| 12 | Section 201 in an amount equal to $500. The total credit | ||||||
| 13 | allowed with respect to any licensed foster family home shall | ||||||
| 14 | not exceed $500 per taxable year. | ||||||
| 15 | (b) The credit shall not be awarded to a licensed foster | ||||||
| 16 | family home if any person living in the household: | ||||||
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| 1 | (1) has had a foster care license revoked; | ||||||
| 2 | (2) has surrendered a foster care license for cause; | ||||||
| 3 | (3) has had a foster care license expire or surrendered | ||||||
| 4 | a foster care license while either an abuse or neglect | ||||||
| 5 | investigation or licensing investigation was pending or an | ||||||
| 6 | involuntary placement hold was placed on the home; or | ||||||
| 7 | (4) has had an indicated report of abuse or neglect. | ||||||
| 8 | (c) In no event shall a credit under this Section reduce a | ||||||
| 9 | taxpayer's liability to less than zero. If the amount of credit | ||||||
| 10 | exceeds the tax liability for the year, the excess may be | ||||||
| 11 | carried forward and applied to the tax liability for the 5 | ||||||
| 12 | taxable years following the excess credit year. The tax credit | ||||||
| 13 | shall be applied to the earliest year for which there is a tax | ||||||
| 14 | liability. If there are credits for more than one year that are | ||||||
| 15 | available to offset liability, the earlier credit shall be | ||||||
| 16 | applied first. | ||||||
| 17 | (d) The Department of Human Services shall provide to the | ||||||
| 18 | Department of Revenue, not later than January 15 of each year, | ||||||
| 19 | a list of individuals who have licensed foster family homes | ||||||
| 20 | that meet the requirements for credit under subsections (a) and | ||||||
| 21 | (b) of this Section during the prior calendar year. Such list | ||||||
| 22 | shall include the name and taxpayer identification number of | ||||||
| 23 | each individual who has a licensed foster family home with an | ||||||
| 24 | applicable foster care placement, the address of such home, and | ||||||
| 25 | the names and identification numbers of each child placed with | ||||||
| 26 | such individual. | ||||||
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| 1 | (e) For purposes of this Section: | ||||||
| 2 | "Applicable foster care placement" means a foster care | ||||||
| 3 | placement in an Illinois-licensed foster family home under the | ||||||
| 4 | Child Care Act of 1969 for more than 6 months out of the year.
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| 5 | Section 99. Effective date. This Act takes effect upon | ||||||
| 6 | becoming law.".
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