· IL legislature · 104th

INC TX-ADOPTION

Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the foster care expenses, not to exceed $1,000 in any taxable year, paid or incurred by the taxpayer with respect to a qualified dependent child. Provides that the credit may be prorated. Effective immediately.

Sponsor

Dave Severin (R-IL)

Introduced

2024-12-04

Policy area

Taxation

Latest action

House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee