IL SB1496

Creates a tax credit of $11,500 for each individual who receives at least 160 hours of behind-the-wheel commercial driving instruction during a taxable year, effective for tax years beginning January 1, 2024.

Eligible taxpayers must provide the instruction with no compensation and hold a valid Illinois commercial driver's license with at least 6 months of commercial driving experience as of the first day of instruction.

The credit cannot be carried forward or back to other tax years, cannot be refunded to the taxpayer, and cannot reduce tax liability below zero.

The Department of Revenue may adopt rules necessary to implement and administer the credit.

The credit is exempt from provisions of Section 250 of the Illinois Income Tax Act.