Full Text of HB5194 103rd General Assembly
HB5194 103RD GENERAL ASSEMBLY | | | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024 HB5194 Introduced 2/9/2024, by Rep. Brad Halbrook SYNOPSIS AS INTRODUCED: | | | Amends the Illinois Income Tax Act. Creates an income tax credit for each qualified individual who serves as a volunteer first responder for at least 9 months during the taxable year and who incurs expenses for the purchase of eligible equipment that is used by the individual when training as a volunteer first responder or incurs any other training expenses associated with the individual's service as a volunteer first responder. Effective immediately. |
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| | A BILL FOR |
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| 1 | | AN ACT concerning revenue. | 2 | | Be it enacted by the People of the State of Illinois, | 3 | | represented in the General Assembly: | 4 | | Section 5. The Illinois Income Tax Act is amended by | 5 | | adding Section 241 as follows: | 6 | | (35 ILCS 5/241 new) | 7 | | Sec. 241. First responder training expense tax credit. | 8 | | (a) For taxable years beginning on or after January 1, | 9 | | 2025, each qualified individual who serves as a volunteer | 10 | | first responder for at least 9 months during the taxable year | 11 | | and who, during the taxable year, incurs expenses for the | 12 | | purchase of eligible equipment that is used by the individual | 13 | | when training as a volunteer first responder or incurs any | 14 | | other training expenses associated with the individual's | 15 | | service as a volunteer first responder may apply to the | 16 | | Department for a credit against the taxes imposed by | 17 | | subsections (a) and (b) of Section 201 equal to the amount of | 18 | | those expenses, but not to exceed $1,000 per taxpayer in any | 19 | | taxable year. The aggregate amount of all tax credits awarded | 20 | | by the Department under this Section in any calendar year may | 21 | | not exceed $5,000,000. Credits shall be awarded on a | 22 | | first-come, first-served basis. | 23 | | (b) A credit under this Section may not reduce a |
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| 1 | | taxpayer's liability to less than zero. If the amount of the | 2 | | credit exceeds the tax liability for the year, the excess may | 3 | | be carried forward and applied to the tax liability of the 5 | 4 | | taxable years following the excess credit year. The tax credit | 5 | | shall be applied to the earliest year for which there is a tax | 6 | | liability. If there are credits for more than one year that are | 7 | | available to offset a liability, the earlier credit shall be | 8 | | applied first. | 9 | | (c) By January 24 of each year, the Office of the State | 10 | | Fire Marshal shall provide the Department of Revenue an | 11 | | electronic file with the name of each volunteer first | 12 | | responder who qualifies for a tax credit under this Section | 13 | | for the immediately preceding calendar year. The chief of the | 14 | | fire department, fire protection district, or fire protection | 15 | | association shall be responsible for notifying the State Fire | 16 | | Marshal of the volunteer emergency workers who met the | 17 | | requirements of this Section during the immediately preceding | 18 | | calendar year by January 12 of the current year. The chief of | 19 | | the fire department, fire protection district, or fire | 20 | | protection association shall be responsible for the | 21 | | verification and accuracy of their submission to the State | 22 | | Fire Marshal under this subsection. | 23 | | (d) As used in this Section: | 24 | | "Eligible equipment" means equipment used to perform the | 25 | | job duties of a first responder, including, but not limited | 26 | | to, first aid kits, boots, protective gloves, protective |
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| 1 | | glasses, emergency lighting, helmets, or ear plugs. | 2 | | "Volunteer first responder" means a person who serves as a | 3 | | member, other than on a full-time career basis, of a fire | 4 | | department, fire protection district, or fire protection | 5 | | association that has a Fire Department Identification Number | 6 | | issued by the Office of the State Fire Marshal and who does not | 7 | | serve as a member, on a full-time career basis, of another fire | 8 | | department, fire protection district, fire protection | 9 | | association, or governmental entity. | 10 | | (f) The Department shall adopt rules to implement and | 11 | | administer this Section, including rules concerning | 12 | | applications for the tax credit. | 13 | | (g) This Section is exempt from the provisions of Section | 14 | | 250. | 15 | | Section 99. Effective date. This Act takes effect upon | 16 | | becoming law. |
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