HB 3428

Abstract

Amends the Illinois Income Tax Act. Provides that for taxable years ending on or after December 31, 2003, each taxpayer who is an employer is entitled to an income tax credit equal to 40% of the domestic violence safety and education costs paid or incurred by the employer during the taxable year. Provides that the Illinois Department of Labor shall certify the costs eligible for the credit. Provides that if the amount of the credit exceeds the taxpayer's liability under this Act for the year, then the excess may not be carried forward to apply to a succeeding year or carried back to a prior year. Exempts the credit form the sunset requirement of the Act. Effective July 1, 2003.