IL HB4943

Creates an adoption tax credit for taxpayers who legally adopt children from Department of Children and Family Services custody, up to $2,500 per child, effective for taxable years beginning January 1, 2018.

Allows unused adoption credits to be carried forward up to 5 subsequent taxable years if they exceed the taxpayer's annual tax liability.

Defines "qualifying dependent child" as an adopted child who is an Illinois resident, no more than 18 years old at adoption, and was in DCFS custody immediately before adoption.

Establishes the Helping Illinois Youth in Care Income Tax Checkoff Fund allowing taxpayers to voluntarily contribute (minimum $1) on their tax returns, with donations reducing refunds or increasing payments owed.

Directs checkoff fund revenues to DCFS for grants and financial support to foster care programs, with discretionary allocations to the Children's Benefit Fund charitable trust.