SB2563 Summary

• Amends the Illinois Income Tax Act to create a tax credit for private employers who grant all employees the option to take paid leave for organ or bone marrow donation.

• Credit equals 25% of wages paid to Illinois employees while on organ donation leave, capped at $20,833.33 per employee per donation event.

• Requires the paid leave of absence to be at least 30 days without loss of pay, vacation time, compensatory time, personal days, or sick time to qualify for the credit.

• Credit must be claimed within one year after the organ donation leave begins and applies against employer withholding tax payments.

• Effective immediately upon passage; applies to private employers only (excludes municipalities, counties, and state agencies).