SB 1444 Illinois Senate · 103rd Regular Session

INC TX-DEPENDENT TAX CREDIT

Summary

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.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2023

Committee Review

Floor Vote

Governor

Introduced Feb 7, 2023 Last action Mar 15, 2024

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

33

Key actions

0

Committee

5

Mar 15, 2024

Committee

Rule 3-9(a) / Re-referred to Assignments

lower

Feb 20, 2024

Committee

Re-assigned to Revenue

lower

Mar 10, 2023

Committee

Rule 3-9(a) / Re-referred to Assignments

lower

Feb 14, 2023

Committee

Assigned to Appropriations

lower

Feb 7, 2023

Committee

Referred to Assignments

lower

1 primary · 22 co-sponsors

Sponsors