INC TX-EARLY CHILDHOOD

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 taxpayers who are employed as an early childhood teacher or an early childhood assistant during the taxable year and who have a federal adjusted gross income for the taxable year of $75,000 or less. Provides that, for taxable years beginning on January 1, 2025 and beginning before January 1, 2026, the amount of the credit is $1,000. Provides that, for subsequent taxable years, the credit amount shall be adjusted by the percentage increase, if any, in the Consumer Price Index for the preceding calendar year.

Every action

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

1. Jan 10, 2024SenateFiled with Secretary by Sen. Sue Rezin
2. Jan 10, 2024SenateFirst Reading
3. Jan 10, 2024CommitteeReferred to Assignments · Senate Assignments
4. Mar 12, 2024CommitteeAssigned to Revenue · Senate Revenue
5. Mar 15, 2024SenateRule 2-10 Committee Deadline Established As April 5, 2024
6. Apr 5, 2024SenateRule 2-10 Committee Deadline Established As May 3, 2024
7. May 3, 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.

• Sue RezinR Primary sponsor · District 38