IL HB5248

Establishes a tax credit for qualified businesses that provide menstrual hygiene products (tampons and sanitary napkins) to the public at no cost at their business locations, effective for tax years beginning January 1, 2025.

Allows qualified businesses to claim a credit equal to 75% of expenditures on menstrual hygiene products, with a maximum credit of $50,000 per taxable year.

Limits eligibility to businesses with fewer than 100 full-time employees (defined as working at least 35 hours per week).

Requires minimum annual expenditure of $100 on qualifying menstrual products to claim the credit, and allows unused credits to be carried forward to the next taxable year.

Prohibits credits from reducing tax liability below zero and prevents assignment, transfer, or sale of tax credits.