IL HB3189

Creates an income tax credit for taxpayers who purchase a new accessible residence or retrofit an existing residence to improve accessibility and provide universal visitability, effective for taxable years beginning January 1, 2016.

Credit is capped at $2,500 per eligible residence and may be claimed in the taxable year the residence is purchased or construction/retrofitting is completed.

Total tax credits granted in any fiscal year cannot exceed $2,000,000.

Allows unused credits to be carried over for up to 7 taxable years if the credit exceeds the taxpayer's income tax liability in the current year.

Requires taxpayers to apply to the Department of Revenue for certification and attach the certification to their income tax return; Department may adopt rules requiring documentation of disability and qualifying modifications.