Bill Text: IL HB0697 | 2021-2022 | 102nd General Assembly | Introduced
Bill Title: Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 50% of the contributions made by the taxpayer during the taxable year to one or more qualifying pregnancy resource centers. Provides that the term "qualifying pregnancy resource center" means a nonprofit organization that is exempt from taxation under Section 501(c) of the Internal Revenue Code and is established for the purpose of providing free assistance to pregnant women in carrying their pregnancies to term.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2022-02-18 - Rule 19(a) / Re-referred to Rules Committee [HB0697 Detail]
Download: Illinois-2021-HB0697-Introduced.html
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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Income Tax Act is amended by | ||||||||||||||||||||||||
5 | adding Section 232 as follows:
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6 | (35 ILCS 5/232 new) | ||||||||||||||||||||||||
7 | Sec. 232. Pregnancy resource center credit. | ||||||||||||||||||||||||
8 | (a) For taxable years beginning on or after January 1, | ||||||||||||||||||||||||
9 | 2021, there is allowed a refundable credit against the tax | ||||||||||||||||||||||||
10 | imposed under subsections (a) and (b) of Section 201 in an | ||||||||||||||||||||||||
11 | amount equal to 50% of the contributions made by the taxpayer | ||||||||||||||||||||||||
12 | during the taxable year to one or more qualifying pregnancy | ||||||||||||||||||||||||
13 | resource centers. | ||||||||||||||||||||||||
14 | (b) As used in this Section, "qualifying pregnancy | ||||||||||||||||||||||||
15 | resource center" means a nonprofit organization that is exempt | ||||||||||||||||||||||||
16 | from taxation under Section 501(c) of the Internal Revenue | ||||||||||||||||||||||||
17 | Code and is established for the purpose of providing free | ||||||||||||||||||||||||
18 | assistance to pregnant women in carrying their pregnancies to | ||||||||||||||||||||||||
19 | term; such assistance includes pregnancy tests, ultrasound, | ||||||||||||||||||||||||
20 | prenatal vitamins, maternity clothing, baby clothes and | ||||||||||||||||||||||||
21 | furniture, diapers, cribs, car seats, housing and utility | ||||||||||||||||||||||||
22 | assistance, and nutritional counseling. | ||||||||||||||||||||||||
23 | (c) This Section is exempt from the provisions of Section |
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1 | 250.
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