Bill Text: IL HB2600 | 2023-2024 | 103rd General Assembly | Introduced

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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) 2023-03-16 - Added Co-Sponsor Rep. Chris Miller [HB2600 Detail]

Download: Illinois-2023-HB2600-Introduced.html

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103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2600 Introduced , by Rep. Adam M. Niemerg SYNOPSIS AS INTRODUCED:
35 ILCS 5/234 new
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.
LRB103 25943 HLH 55861 b
A BILL FOR
HB2600 LRB103 25943 HLH 55861 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Income Tax Act is amended by
adding Section 234 as follows:
(35 ILCS 5/234 new)
Sec. 234. Women's Opportunity Credit.
(a) For taxable years beginning on or after January 1,
2024, there is allowed a refundable credit against the tax
imposed under subsections (a) and (b) of Section 201 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.
(b) As used in this Section, "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
pregnancy tests, ultrasounds, prenatal vitamins, maternity
clothing, baby clothes and furniture, diapers, cribs, car
seats, housing and utility assistance, nutritional counseling,
or other assistance to pregnant women who are carrying their
pregnancies to term.
(c) This Section is exempt from the provisions of Section

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250.