HB4859 101ST GENERAL ASSEMBLY

LRB101 16928 HLH 66328 b

101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB4859

Introduced 2/18/2020, by Rep. Michael T. Marron

SYNOPSIS AS INTRODUCED:

35 ILCS 5/232 new

Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the expenses paid by a taxpayer for any aggressive medical treatment for a qualifying employee. Provides that the credit is limited to $1,000 per employee in any taxable year and $5,000 in credits in total in any taxable year.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning revenue.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Income Tax Act is amended by adding Section 232 as follows:

(35 ILCS 5/232 new)

Sec. 232. Credit for medical treatment for qualifying employees.

(a) For taxable years ending on or after December 31, 2020, there shall be allowed a credit against the tax imposed by subsections (a) and (b) of Section 201 of this Act in an amount equal to the expenses paid by a taxpayer for any aggressive medical treatment for a qualifying employee. The tax credit under this subsection may be claimed for the taxable year in which the taxpayer paid for the aggressive medical treatment on behalf of the qualifying employee. The taxpayer may not claim more than $1,000 in credits under this Section per employee in any taxable year, nor may the taxpayer claim more than $5,000 in credits under this Section in total in any taxable year.

(b) In no event shall a credit under this Section reduce a taxpayer's liability to less than zero. If the amount of the credit exceeds the tax liability for the year, the excess may be carried forward and applied to the tax liability for the 5 taxable years immediately following the excess credit year. The tax credit shall be applied to the earliest year for which there is a tax liability. If there are credits for more than one year that are available to offset liability, the earlier credit shall be applied first.

(c) The Department of Labor, in collaboration with the Department of Revenue, may adopt rules to implement the provisions of this Section.

(d) As used in this Section:

"Aggressive medical treatment" means medical procedures or treatment that are not covered by allowed workers' compensation benefits under the Workers' Compensation Act.

"Qualifying employee" means a person who is employed by the taxpayer during the taxable year and is receiving or has received workers' compensation benefits, pursuant to the Workers' Compensation Act.

(e) This Section is exempt from the provisions of Section 250.