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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB2632 Introduced , by Rep. Sonya M. Harper SYNOPSIS AS INTRODUCED:
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Amends the Illinois Income Tax Act. Provides a credit for the head of a single parent household that operates a business from his or her residential property for each dependent under the age of 18 living in that household. Defines terms. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB2632 | | LRB100 10874 HLH 21109 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Income Tax Act is amended by adding |
| 5 | | Section 224 as follows:
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| 6 | | (35 ILCS 5/224 new) |
| 7 | | Sec. 224. Single-parent households. For taxable years |
| 8 | | starting on and after January 1, 2017, the head of a single |
| 9 | | parent household who operates an at-home business from his or |
| 10 | | her residential property is entitled to a credit against the |
| 11 | | taxes imposed under subsections (a) and (b) of Section 201 of |
| 12 | | this Act in an amount equal to $500.00 for each dependent of |
| 13 | | the single parent under age 18 residing in that household. |
| 14 | | As used in this Section: |
| 15 | | "Single parent household" means a household with children |
| 16 | | under age 18 headed by a single adult who is widowed, divorced |
| 17 | | and not remarried, or was never married. |
| 18 | | "At-home business" means any business for which the primary |
| 19 | | administrative and managerial activities take place within an |
| 20 | | individual's personal residence.
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| 21 | | Section 99. Effective date. This Act takes effect upon |
| 22 | | becoming law.
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