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91_SB0194 LRB9100954PTpk 1 AN ACT to amend the Illinois Income Tax Act by adding 2 Section 211. 3 Be it enacted by the People of the State of Illinois, 4 represented in the General Assembly: 5 Section 5. The Illinois Income Tax Act is amended by 6 adding Section 211 as follows: 7 (35 ILCS 5/211 new) 8 Sec. 211. Child care expense credit. 9 (a) For taxable years beginning on or after January 1, 10 1999 and ending on or before December 30, 2004, if an 11 individual claims a credit for child care expenses on the 12 individual's federal income tax return, the individual is 13 entitled to a credit against the taxes imposed under this Act 14 for amounts spent on child care. The amount of the credit 15 shall be as follows: 16 (1) If the taxpayer's federal adjusted gross income 17 is $25,000 or less, the credit shall be an amount equal 18 to 50% of the credit for child care expenses claimed on 19 the taxpayer's federal return. 20 (2) If the taxpayer's federal adjusted gross income 21 is more than $25,000 but not more than $35,000, the 22 credit shall be an amount equal to 30% of the credit for 23 child care expenses claimed on the taxpayer's federal 24 return. 25 (3) If the taxpayer's federal adjusted gross income 26 is more than $35,000 but not more than $80,000, the 27 credit shall be an amount equal to 10% of the credit for 28 child care expenses claimed on the taxpayer's federal 29 return. 30 (4) If the taxpayer's federal adjusted gross income 31 is more than $80,000, the taxpayer shall not be entitled -2- LRB9100954PTpk 1 to a credit under this Section. 2 (b) If the amount of credit exceeds the tax liability 3 for the year, the excess may be carried forward and applied 4 to the tax liability of the 5 taxable years following the 5 excess year. The credit shall be applied to the earliest 6 year for which there is a tax liability. If there are 7 credits for more than one tax year that are available to 8 offset a liability, the earlier credit shall be applied 9 first. 10 (c) A taxpayer who receives child care assistance from 11 the Department of Human Services under Section 9A-11 of the 12 Illinois Public Aid Code shall not be entitled to a credit 13 under this Section except to the extent of the taxpayer's 14 unreimbursed out-of-pocket expenses that result in a federal 15 credit for child care expense. 16 Section 99. Effective date. This Act takes effect 17 January 1, 2000.