HB3828 103RD GENERAL ASSEMBLY

LRB103 25435 HLH 51783 b

103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB3828

Introduced 2/17/2023, by Rep. Brad Halbrook

SYNOPSIS AS INTRODUCED:

35 ILCS 5/234 new

Amends the Illinois Income Tax Act. Creates a tax credit for individual taxpayers who were members in good standing of a volunteer fire department for at least 6 months during the taxable year. Provides that the amount of the credit is $1,000. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Exempts the credit from the Act's sunset requirements. Effective immediately.

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 234 as follows:

(35 ILCS 5/234 new)

Sec. 234. Tax credit for volunteer firefighters.

(a) In each taxable year ending on or after December 31, 2024, each taxpayer who was a member in good standing of a volunteer fire department for at least 6 months during the taxable year is entitled to a credit against the tax imposed by subsections (a) and (b) of Section 201 in the amount of $1,000.

(b) The credit under this Section may not be carried forward or back and may not reduce the taxpayer's liability to less than zero.

(c) For the purposes of this Section, "volunteer firefighter" means a firefighter who does not receive monetary compensation for his or her services to a fire department or fire protection district. Monetary compensation does not include a monetary incentive awarded to a firefighter by the board of trustees of a fire protection district under Section 6 of the Fire Protection Act.

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

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