INC TX-DEPENDENT TAX CREDIT Senate SponsorsSen. Mike Simmons, Willie Preston-Javier L. Cervantes, Adriane Johnson, Robert Peters, Mary Edly-Allen-David Koehler, Ann Gillespie, Karina Villa, Laura Fine, Michael W. Halpin-Cristina H. Pacione-Zayas, Christopher Belt, Napoleon Harris, III, Lakesia Collins, Sara Feigenholtz, Doris Turner, Steve Stadelman, Mike Porfirio, Meg Loughran Cappel-Mattie Hunter, Rachel Ventura and Omar Aquino 1/7/2025SenateSession Sine Die 35 ILCS 5/234 newAmends the Illinois Income Tax Act. Creates an income tax credit for dependents of the taxpayer. Provides that the maximum amount of the credit is $700 per qualified dependent of the taxpayer. Provides that the maximum amount shall be reduced by $24 for each $1,000 by which the taxpayer's net income exceeds $75,000 in the case of a joint return or $50,000 in the case of any other form of return. Defines "qualified dependent". Effective immediately. 2/7/2023SenateFiled with Secretary by Sen. Mike Simmons 2/7/2023SenateFirst Reading 2/7/2023SenateReferred to Assignments 2/7/2023SenateAdded as Co-Sponsor Sen. Willie Preston 2/8/2023SenateAdded as Chief Co-Sponsor Sen. Javier L. Cervantes 2/8/2023SenateAdded as Co-Sponsor Sen. Adriane Johnson 2/9/2023SenateAdded as Co-Sponsor Sen. Robert Peters 2/9/2023SenateAdded as Co-Sponsor Sen. Rachel Ventura 2/9/2023SenateAdded as Co-Sponsor Sen. Mary Edly-Allen 2/9/2023SenateSponsor Removed Sen. Rachel Ventura 2/14/2023SenateAssigned to Appropriations 2/15/2023SenateAdded as Chief Co-Sponsor Sen. David Koehler 2/22/2023SenateAdded as Co-Sponsor Sen. Mattie Hunter 2/22/2023SenateAdded as Co-Sponsor Sen. Ann Gillespie 2/22/2023SenateSponsor Removed Sen. Mattie Hunter 2/23/2023SenateAdded as Co-Sponsor Sen. Karina Villa 2/27/2023SenateAdded as Co-Sponsor Sen. Laura Fine 3/9/2023SenateAdded as Co-Sponsor Sen. Michael W. Halpin 3/10/2023SenateRule 3-9(a) / Re-referred to Assignments 3/27/2023SenateAdded as Chief Co-Sponsor Sen. Cristina H. Pacione-Zayas 4/26/2023SenateAdded as Co-Sponsor Sen. Christopher Belt 4/26/2023SenateAdded as Co-Sponsor Sen. Napoleon Harris, III 2/9/2024SenateAdded as Co-Sponsor Sen. Rachel Ventura 2/20/2024SenateRe-assigned to Revenue 2/20/2024SenateAdded as Co-Sponsor Sen. Lakesia Collins 2/22/2024SenateAdded as Co-Sponsor Sen. Sara Feigenholtz 2/22/2024SenateAdded as Co-Sponsor Sen. Doris Turner 2/22/2024SenateAdded as Co-Sponsor Sen. Steve Stadelman 2/22/2024SenateAdded as Co-Sponsor Sen. Mike Porfirio 3/4/2024SenateAdded as Co-Sponsor Sen. Meg Loughran Cappel 3/5/2024SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter 3/7/2024SenateAdded as Co-Sponsor Sen. Omar Aquino 3/15/2024SenateRule 3-9(a) / Re-referred to Assignments 1/7/2025SenateSession Sine Die