IL HB1403

Creates a statewide database of residents willing to volunteer at community-related events conducted by not-for-profit groups, managed by the Department of Commerce and Economic Opportunity.

Establishes a $2,500 income tax deduction for the first 500 individual taxpayers who complete at least 100 hours of community service at events certified by the Department of Public Health or Department of Veterans Affairs between July 1 and December 1 of the calendar year.

Requires the Department of Public Health to certify community service events related to HIV/AIDS or breast cancer prevention and awareness as qualifying for the deduction.

Requires the Department of Veterans Affairs to certify community service events related to veterans issues as qualifying for the deduction.

Amends the Illinois Income Tax Act to create the $2,500 deduction as subparagraph (HH) under Section 203, applicable to taxable years beginning on or after January 1, 2016.