SB 4187

  • Illinois Senate Bill
  • 102nd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Inc Tx-Child Care

Abstract

Amends the Illinois Income Tax Act. Provides that, for taxable years ending on or after December 31, 2022, the credit for employee child care shall be in an amount equal to: (1) 50% of the start-up costs expended by the corporate taxpayer to provide a child care facility for the children of its employees; and (2) 20% of the annual amount paid by the corporate taxpayer to (i) provide an on-site child care facility for the children of its employees, (ii) provide child care offsite for the children of its employees, or (iii) a combination of (i) and (ii) (currently, 30% of the start-up costs and 5% of the annual amount paid by the taxpayer in providing the child care facility). Provides that the taxpayer may coordinate with an independent child care facility to provide care for the children of employees. Effective immediately.

Bill Sponsors (16)

Votes


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Actions


Mar 09, 2022

Senate

Added as Chief Co-Sponsor Sen. Jil Tracy

Mar 08, 2022

Senate

Added as Co-Sponsor Sen. Jason A. Barickman

Senate

Added as Co-Sponsor Sen. Jason Plummer

Senate

Added as Co-Sponsor Sen. Chapin Rose

Mar 07, 2022

Senate

Added as Co-Sponsor Sen. Donald P. DeWitte

Senate

Added as Co-Sponsor Sen. Sue Rezin

Senate

Added as Co-Sponsor Sen. Craig Wilcox

Senate

Added as Co-Sponsor Sen. Dale Fowler

Senate

Added as Co-Sponsor Sen. Dave Syverson

Senate

Added as Co-Sponsor Sen. Brian W. Stewart

Senate

Added as Co-Sponsor Sen. Darren Bailey

Mar 04, 2022

Senate

Referred to Assignments

Senate

Added as Co-Sponsor Sen. Win Stoller

Senate

First Reading

Senate

Filed with Secretary by Sen. Terri Bryant

Mar 03, 2022

Senate

Added as Co-Sponsor Sen. Steve McClure

Senate

Added as Co-Sponsor Sen. Dan McConchie

Senate

Added as Co-Sponsor Sen. Sally J. Turner

Bill Text

Bill Text Versions Format
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Related Documents

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Sources

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