HB3907 99TH GENERAL ASSEMBLY

LRB099 07891 SXM 28031 b

99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB3907

Introduced , by Rep. Michael W. Tryon

SYNOPSIS AS INTRODUCED:

35 ILCS 5/224 new

Amends the Illinois Income Tax Act. Provides that each individual taxpayer is entitled to a credit in an amount equal to any adoption fees paid by the taxpayer during the taxable year in connection with the adoption of a cat or dog from a county animal control facility, a humane society, or an animal rescue organization, but not to exceed $100 per taxpayer in any taxable year. Provides that the credit may not be claimed for more than 3 animals in a taxable year. Provides that the credit is exempt from the Act's automatic sunset provisions. 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 224 as follows:

(35 ILCS 5/224 new)

Sec. 224. Pet adoption credit.

(a) Subject to the limitations set forth in this Section, for taxable years beginning on or after January 1, 2015, each individual taxpayer is entitled to a credit against the tax imposed by subsections (a) and (b) of Section 201 in an amount equal to any adoption fees paid by the taxpayer during the taxable year in connection with the adoption of a cat or dog from a county animal control facility, a humane society, or an animal rescue organization. The credit under this Section may not be claimed for more than 3 animals in a taxable year and may not exceed $100 per taxpayer in any taxable year.

(b) If the amount of the tax credit exceeds the taxpayer's tax liability for the year, the excess credit may be refunded to the taxpayer.

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

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