103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB1350

 

Introduced 1/31/2023, by Rep. Katie Stuart

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 5/234 new

    Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who are caregivers of a veteran with a disability. Provides that the credit shall be in an amount equal to 5% of the costs incurred in caring for the veteran, not to exceed $1,000 in credits in any taxable year. Effective immediately.


LRB103 25766 HLH 52115 b

 

 

A BILL FOR

 

HB1350LRB103 25766 HLH 52115 b

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
5adding Section 234 as follows:
 
6    (35 ILCS 5/234 new)
7    Sec. 234. Caregiver credit.
8    (a) For taxable years ending on or after December 31,
92024, each taxpayer who is an eligible caregiver of a veteran
10with a disability is entitled to a credit against the tax
11imposed by subsections (a) and (b) of Section 201 in an amount
12equal to 5% of the costs incurred in caring for the veteran,
13not to exceed $1,000 in credits in any taxable year.
14    (b) In no event shall a credit under this Section reduce a
15taxpayer's liability to less than zero. If the amount of
16credit exceeds the tax liability for the year, the excess may
17be carried forward and applied to the tax liability for the 5
18taxable years following the excess credit year. The tax credit
19shall be applied to the earliest year for which there is a tax
20liability. If there are credits for more than one year that are
21available to offset liability, the earlier credit shall be
22applied first.
23    (c) As used in this Section:

 

 

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1    "Costs incurred" means expenditures for the following:
2respite care; counseling or support groups; training related
3to caring for a veteran with disability; travel related to
4caring for the veteran; technology that assists in providing
5care; and medical and hygiene items used by the veteran.
6    "Eligible caregiver" means a family member or paid worker
7who provides care for a qualified veteran with a disability
8and assists with performing the activities of daily life.
9    "Veteran" means an Illinois resident who has served as a
10member of the United States Armed Forces on active duty or
11State active duty, a member of the Illinois National Guard, or
12a member of the United States Reserve Forces who has received
13an honorable discharge.
14    "Veteran with a disability" means a veteran with a
15service-connected disability, as certified by the United
16States Department of Veterans Affairs.
17    (d) This Section is exempt from the provisions of Section
18250.
 
19    Section 99. Effective date. This Act takes effect upon
20becoming law.