Sen. Jil Tracy
Filed: 3/29/2023
 
 

 

 

 
10300SB1151sam001LRB103 05595 HLH 60191 a



1
AMENDMENT TO SENATE BILL 1151 




2    AMENDMENT NO. ______. Amend Senate Bill 1151 by replacing 
3everything after the enacting clause with the following:


 
 
4    "Section 5. The Illinois Income Tax Act is amended  by 
5adding Section 234 as follows:
 
6    (35 ILCS 5/234 new)
7    Sec. 234. Child care credit.
8    (a) For taxable years beginning on or after January 1, 
92024, each qualified individual taxpayer is entitled to a 
10credit against the tax imposed by subsections (a) and (b) of 
11Section 201 in an amount equal to 25% of the federal tax credit 
12allowed to the taxpayer for each qualifying child for the 
13taxable year under Section 24 of the federal Internal Revenue 
14Code.
15    For a non-resident or part-year resident, the amount of 
16the credit under this Section shall be in proportion to the 
 
 
10300SB1151sam001- 2 -LRB103 05595 HLH 60191 a

1amount of income attributable to this State. 
2    (b) If the amount of the credit exceeds the income tax 
3liability for the applicable tax year, then the excess credit 
4shall be refunded to the taxpayer. The amount of any refunded 
5credit under this Section shall not be included in the 
6taxpayer's income or resources for the purposes of determining 
7eligibility or benefit level in any means-tested benefit 
8program administered by a governmental entity, unless required 
9by federal law. 
10    (c) For purposes of this Section:
11        "Qualified individual taxpayer" means a taxpayer who 
12    may claim one or more qualifying children as dependents 
13    and whose federal adjusted gross income is less than or 
14    equal to the threshold amount, as defined in Section 24 of 
15    the Internal Revenue Code. 
16        "Qualifying child" means a child who is 13 years of 
17    age or younger and who may be claimed as a dependent on the 
18    taxpayer's federal income tax return under the Internal 
19    Revenue Code. 
20    (d) This Section is exempt from the provisions of Section 
21250. 
 
 
22    Section 99. Effective date. This Act takes effect upon 
23becoming law.".