HB 4680

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Full Text of HB4680
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	HB4680 - 104th General Assembly
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104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB4680
Introduced , by Rep. Dave Vella
SYNOPSIS AS INTRODUCED:
35 ILCS 5/212
Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2026, the Illinois earned income tax credit is in an amount equal to 30% of the federal earned income tax credit. Effective immediately.
LRB104 19070 HLH 32515 b
A BILL FOR
		HB4680		LRB104 19070 HLH 32515 b
1    AN ACT concerning revenue.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Illinois Income Tax Act is amended by
5changing Section 212 as follows:
6    (35 ILCS 5/212)
7    Sec. 212. Earned income tax credit.
8    (a) With respect to the federal earned income tax credit
9allowed for the taxable year under Section 32 of the federal
10Internal Revenue Code, 26 U.S.C. 32, each individual taxpayer
11is entitled to a credit against the tax imposed by subsections
12(a) and (b) of Section 201 in an amount equal to (i) 5% of the
13federal tax credit for each taxable year beginning on or after
14January 1, 2000 and ending prior to December 31, 2012, (ii)
157.5% of the federal tax credit for each taxable year beginning
16on or after January 1, 2012 and ending prior to December 31,
172013, (iii) 10% of the federal tax credit for each taxable year
18beginning on or after January 1, 2013 and beginning prior to
19January 1, 2017, (iv) 14% of the federal tax credit for each
20taxable year beginning on or after January 1, 2017 and
21beginning prior to January 1, 2018, (v) 18% of the federal tax
22credit for each taxable year beginning on or after January 1,
232018 and beginning prior to January 1, 2023, [and] (vi) 20% of
		HB4680	- 2 -	LRB104 19070 HLH 32515 b
1the federal tax credit for each taxable year beginning on or
2after January 1, 2023 and beginning before January 1, 2026, 
3and (vii) 30% of the federal tax credit for each taxable year 
4beginning on or after January 1, 2026.
5    For a non-resident or part-year resident, the amount of
6the credit under this Section shall be in proportion to the
7amount of income attributable to this State.
8    (b) For taxable years beginning before January 1, 2003, in
9no event shall a credit under this Section reduce the
10taxpayer's liability to less than zero. For each taxable year
11beginning on or after January 1, 2003, if the amount of the
12credit exceeds the income tax liability for the applicable tax
13year, then the excess credit shall be refunded to the
14taxpayer. The amount of a refund shall not be included in the
15taxpayer's income or resources for the purposes of determining
16eligibility or benefit level in any means-tested benefit
17program administered by a governmental entity unless required
18by federal law.
19    (b-5) For taxable years beginning on or after January 1,
202023, each individual taxpayer who has attained the age of 18
21during the taxable year but has not yet attained the age of 25
22is entitled to the credit under paragraph (a) based on the
23federal tax credit for which the taxpayer would have been
24eligible without regard to any age requirements that would
25otherwise apply to individuals without a qualifying child in
26Section 32(c)(1)(A)(ii) of the federal Internal Revenue Code.
		HB4680	- 3 -	LRB104 19070 HLH 32515 b
1    (b-10) For taxable years beginning on or after January 1,
22023, each individual taxpayer who has attained the age of 65
3or older during the taxable year is entitled to the credit
4under paragraph (a) based on the federal tax credit for which
5the taxpayer would have been eligible without regard to any
6age requirements that would otherwise apply to individuals
7without a qualifying child in Section 32(c)(1)(A)(ii) of the
8federal Internal Revenue Code.
9    (b-15) For taxable years beginning on or after January 1,
102023, each individual taxpayer filing a return using an
11individual taxpayer identification number (ITIN) as prescribed
12under Section 6109 of the Internal Revenue Code, other than a
13Social Security number issued pursuant to Section 205(c)(2)(A)
14of the Social Security Act, is entitled to the credit under
15paragraph (a) based on the federal tax credit for which they
16would have been eligible without applying the restrictions
17regarding social security numbers in Section 32(m) of the
18federal Internal Revenue Code.
19    (c) This Section is exempt from the provisions of Section
20250.
21(Source: P.A. 102-700, eff. 4-19-22.)
22    Section 99. Effective date. This Act takes effect upon
23becoming law.