SB3420 - 104th General Assembly (2025-2026)

INC TAX-CHILD CARE
Last Action
2/04/2026 - Senate: Referred to Assignments
Statutes Amended In Order of Appearance
35 ILCS 5/210.5  
35 ILCS 5/210.10 new  
Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that the tax credit for employee child care shall be (i) 30% of the start-up costs expended by the corporate taxpayer to provide a child care facility for the children of its employees and (ii) 10% (currently, 5%) of the annual amount paid by the corporate taxpayer in providing the child care facility for the children of its employees. Creates an income tax credit for corporate taxpayers that are qualified small businesses in an amount equal to 10% of the federal tax credit claimed by the taxpayer for the taxable year for qualified child care expenditures. Effective immediately.
Actions
DateChamberAction
2/04/2026SenateFiled with Secretary by Sen. Javier L. Cervantes
2/04/2026SenateFirst Reading
2/04/2026SenateReferred to Assignments