IL SB1162

Creates a $25 tax credit for individual taxpayers who vote in an election during the taxable year, effective for tax years beginning January 1, 2020.

Credit applies against state income tax liability under Section 201 of the Illinois Income Tax Act, but cannot reduce liability below zero and cannot be carried forward or back.

State Board of Elections must share voter information with the Department of Revenue upon request to verify taxpayer eligibility for the credit.

"Election" includes only general elections and consolidated elections as defined in the Election Code, excluding primary elections.

Section is exempt from Section 250 provisions and takes effect immediately upon becoming law.