HB3301 102ND GENERAL ASSEMBLY

LRB102 15001 HLH 20356 b

102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB3301

Introduced 2/19/2021, by Rep. Lance Yednock

SYNOPSIS AS INTRODUCED:

35 ILCS 5/232 new

Amends the Illinois Income Tax Act. Provides that a person who serves as a volunteer emergency worker during the taxable year is entitled to an income tax credit in the amount of $1,000. Effective immediately.

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. Volunteer emergency worker credit.

(a) For taxable years beginning on or after January 1, 2022, each person who serves as a volunteer emergency worker during the taxable year is entitled to a credit against the taxes imposed by subsections (a) and (b) of Section 201 in the amount of $1,000.

(b) In no event shall a credit under this Section reduce the taxpayer's liability to less than zero. If the amount of the credit exceeds the tax liability for the year, the excess may be refunded to the taxpayer.

(c) As used in this Section:

"Volunteer emergency worker" means a person who serves as a member of a fire department of a fire protection district, municipality, or other unit of government, other than on a full-time career basis and who meets the requirements for volunteer status provided in Section 553.106 of Title 29 of the Code of Federal Regulations and United States Department of Labor Wage and Hour Opinion Letter FLSA 2006-28 and United States Department of Labor Wage and Hour Opinion Letter FLSA 2005-51.

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

Section 99. Effective date. This Act takes effect upon becoming law.