Bill Text: IL HB3704 | 2023-2024 | 103rd General Assembly | Introduced

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Bill Title: Amends the Illinois Income Tax Act. Provides that, if a dependent of the taxpayer is included in the PUNS database maintained by the Department of Human Services during the taxable year, then the taxpayer is entitled to a refundable income tax credit in the amount of $1,500. Effective immediately.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Failed) 2025-01-07 - Session Sine Die [HB3704 Detail]

Download: Illinois-2023-HB3704-Introduced.html

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103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3704 Introduced , by Rep. Suzanne M. Ness SYNOPSIS AS INTRODUCED:
35 ILCS 5/234 new
Amends the Illinois Income Tax Act. Provides that, if a dependent of the taxpayer is included in the PUNS database maintained by the Department of Human Services during the taxable year, then the taxpayer is entitled to a refundable income tax credit in the amount of $1,500. Effective immediately.
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A BILL FOR
HB3704 LRB103 30172 HLH 56600 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. Credit for dependent; PUNS database.
(a) For taxable years ending on or after December 31,
2023, if a dependent of the taxpayer is included in the PUNS
database maintained by the Department of Human Services during
the taxable year, then the taxpayer is entitled to a credit
against the taxes imposed by subsections (a) and (b) of
Section 201 in the amount of $1,500. The credit under this
Section may not reduce the taxpayer's liability to less than
zero. If the amount of the credit or credits exceeds the
taxpayer's liability, then the excess may be refunded to the
taxpayer.
(b) For the purposes of this Section, an individual is a
dependent of the taxpayer if the taxpayer is eligible to claim
the individual as a dependent for federal income tax purposes.
(c) This Section is exempt from the provisions of Section
250.

HB3704 - 2 - LRB103 30172 HLH 56600 b
Section 99. Effective date. This Act takes effect upon
becoming law.