INC TX-DEPENDENT TAX CREDIT

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Illinois Income Tax Act. Creates an income tax credit for dependents of the taxpayer. Provides that the maximum amount of the credit is $700 per qualified dependent of the taxpayer. Provides that the maximum amount shall be reduced by $24 for each $1,000 by which the taxpayer's net income exceeds $75,000 in the case of a joint return or $50,000 in the case of any other form of return. Defines "qualified dependent". Effective immediately.

Every action

34 steps, oldest first, as the legislature records them.

1. Feb 22, 2024SenateAdded as Co-Sponsor Sen. Doris Turner
2. Feb 22, 2024SenateAdded as Co-Sponsor Sen. Steve Stadelman
3. Feb 22, 2024SenateAdded as Co-Sponsor Sen. Mike Porfirio
4. Mar 4, 2024SenateAdded as Co-Sponsor Sen. Meg Loughran Cappel
5. Mar 5, 2024SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter
6. Mar 7, 2024SenateAdded as Co-Sponsor Sen. Omar Aquino
7. Mar 15, 2024CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
8. Jan 7, 2025SenateSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 22 cosponsors: 22 Democrats.

• Mike SimmonsD Primary sponsor · District 7