IL SB1528

Creates a new Illinois income tax credit for eligible caregivers of veterans with service-connected disabilities, effective for taxable years ending on or after December 31, 2021

Credit equals 5% of caregiving costs incurred, with a maximum credit of $1,000 per taxable year

Eligible costs include respite care, counseling, support groups, caregiver training, travel costs, assistive technology, and medical/hygiene items for the veteran

Eligible caregivers include family members or paid workers who assist veterans with activities of daily life; veterans must be Illinois residents with honorable discharges and VA-certified service-connected disabilities

Unused credits may be carried forward for up to 5 taxable years if the credit exceeds the taxpayer's liability in any given year