IL SB1439

Amends the Illinois Income Tax Act to expand the tax credit for instructional materials and supplies to include employees at public institutions of higher education, effective for tax years beginning on or after January 1, 2024.

Allows teachers, instructors, counselors, principals, and aides to claim a credit for amounts paid for instructional materials and supplies for classroom-based instruction, provided they work at least 900 hours during a school year.

Sets the maximum credit amount at $250 for tax years before January 1, 2023, and $500 for tax years beginning on or after January 1, 2023.

Permits excess credits to be carried forward and applied to tax liability for up to 5 subsequent taxable years, with earlier credits applied first.

Takes effect upon becoming law.