IL HB0697

Creates a refundable income tax credit equal to 50% of contributions made to qualifying pregnancy resource centers for taxable years beginning January 1, 2021 and later.

Defines "qualifying pregnancy resource center" as a nonprofit organization exempt under Section 501(c) of the Internal Revenue Code that provides free assistance to pregnant women carrying pregnancies to term.

Specifies covered assistance includes pregnancy tests, ultrasound, prenatal vitamins, maternity clothing, baby items, housing and utility assistance, and nutritional counseling.

Credit applies against Illinois income tax imposed under Sections 201(a) and (b) of the Illinois Income Tax Act.

Exempts this section from the provisions of Section 250 of the Illinois Income Tax Act.