IL HB2774

Creates a $250 income tax credit for taxpayers who adopt an animal from a no-kill animal shelter and retain ownership for 6 consecutive months during the taxable year.

Defines a "no-kill animal shelter" as a facility where fewer than 10% of animals received were euthanized in the previous calendar year.

Allows excess credits to be carried forward and applied to tax liability in the 5 following tax years, with earlier credits applied first.

Credit cannot reduce a taxpayer's tax liability below zero.

Effective for taxable years beginning on or after January 1, 2019, and takes effect immediately upon becoming law.