Rep. Lawrence "Larry" Walsh, Jr.
Filed: 4/15/2024
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1 | AMENDMENT TO HOUSE BILL 611 | ||||||
2 | AMENDMENT NO. ______. Amend House Bill 611 by replacing | ||||||
3 | everything after the enacting clause with the following: | ||||||
4 | "Section 5. The Illinois Income Tax Act is amended by | ||||||
5 | adding Section 241 as follows: | ||||||
6 | (35 ILCS 5/241 new) | ||||||
7 | Sec. 241. Union dues credit. | ||||||
8 | (a) The General Assembly finds that: | ||||||
9 | (1) labor unions play a critical role in | ||||||
10 | advocating for workers' rights and improving labor | ||||||
11 | conditions; | ||||||
12 | (2) union dues are essential for the operation and | ||||||
13 | advocacy efforts of labor unions; and | ||||||
14 | (3) providing a tax credit for union dues will | ||||||
15 | financially support union members and promote the | ||||||
16 | sustainability of unions. |
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1 | (b) As used in this Section: | ||||||
2 | "Eligible union dues" means union dues paid by the | ||||||
3 | taxpayer during the taxable year that are not reimbursed or | ||||||
4 | compensated in any form. | ||||||
5 | "Union dues" means regular fees and assessments paid by a | ||||||
6 | member of a labor union to a labor union. | ||||||
7 | (c) For taxable years beginning on or after January 1, | ||||||
8 | 2025, each individual taxpayer who pays eligible union dues | ||||||
9 | during the taxable year shall be entitled to a credit against | ||||||
10 | the tax imposed under subsections (a) and (b) of Section 201. | ||||||
11 | The credit shall be equal to the amount of eligible union dues | ||||||
12 | paid by the taxpayer during the taxable year, not to exceed | ||||||
13 | $1,200 per taxpayer in any taxable year. | ||||||
14 | (d) In no event shall a credit under this Section reduce | ||||||
15 | the taxpayer's liability to less than zero. Excess credits | ||||||
16 | awarded under this Section may not be carried forward or back. | ||||||
17 | (e) The Department shall adopt rules for the | ||||||
18 | implementation of this Section, including rules for verifying | ||||||
19 | eligibility for credits under this Section. | ||||||
20 | (f) The Department shall monitor the fiscal impact of this | ||||||
21 | tax credit and may propose adjustments to the General Assembly | ||||||
22 | to ensure that the credit under this Section does not | ||||||
23 | adversely affect the State budget. | ||||||
24 | (g) This Section is exempt from the provisions of Section | ||||||
25 | 250. |
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1 | Section 99. Effective date. This Act takes effect upon | ||||||
2 | becoming law.". |