HB4738 Summary

• Creates a new income tax deduction for Illinois-licensed teachers equal to all wages earned from teaching grades pre-K through 12 at Illinois public schools, effective for taxable years ending on or after December 31, 2018.

• The deduction is added as subparagraph (HH) to Section 203(a)(2) of the Illinois Income Tax Act and applies to individual taxpayers only.

• The deduction is permanently exempt from the automatic sunset provision in Section 250 of the Act, meaning it will not expire unless specifically repealed.

• Takes effect immediately upon becoming law.