Bill 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.

Spectrum: Partisan Bill (Democrat 23-0)

Status: (Introduced) 2024-03-15 - Rule 3-9(a) / Re-referred to Assignments [SB1444 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2023-02-07	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB1444

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB1444 currently on file.

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