Bill Text: IL HB2632 | 2017-2018 | 100th General Assembly | Introduced

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Bill Title: Amends the Illinois Income Tax Act. Provides a credit for the head of a single parent household that operates a business from his or her residential property for each dependent under the age of 18 living in that household. Defines terms. Effective immediately.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB2632 Detail]

Download: Illinois-2017-HB2632-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 HB2632 Introduced , by Rep. Sonya M. Harper SYNOPSIS AS INTRODUCED:
35 ILCS 5/224 new
Amends the Illinois Income Tax Act. Provides a credit for the head of a single parent household that operates a business from his or her residential property for each dependent under the age of 18 living in that household. Defines terms. Effective immediately.
LRB100 10874 HLH 21109 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
HB2632 LRB100 10874 HLH 21109 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 224 as follows:
(35 ILCS 5/224 new)
Sec. 224. Single-parent households. For taxable years
starting on and after January 1, 2017, the head of a single
parent household who operates an at-home business from his or
her residential property is entitled to a credit against the
taxes imposed under subsections (a) and (b) of Section 201 of
this Act in an amount equal to $500.00 for each dependent of
the single parent under age 18 residing in that household.
As used in this Section:
"Single parent household" means a household with children
under age 18 headed by a single adult who is widowed, divorced
and not remarried, or was never married.
"At-home business" means any business for which the primary
administrative and managerial activities take place within an
individual's personal residence.
Section 99. Effective date. This Act takes effect upon
becoming law.