SB 2718

  • Illinois Senate Bill
  • 103rd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Inc Tx-Early Childhood

Abstract

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.

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May 03, 2024

Senate

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

Apr 05, 2024

Senate

Rule 2-10 Committee Deadline Established As May 3, 2024

Mar 15, 2024

Senate

Rule 2-10 Committee Deadline Established As April 5, 2024

Mar 12, 2024

Senate

Assigned to Revenue

Jan 10, 2024

Senate

Filed with Secretary by Sen. Sue Rezin

Senate

Referred to Assignments

Senate

First Reading

Bill Text

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