IL SB2594

Removes the $5,000,000 annual cap on aggregate tax credits awarded to volunteer emergency workers under the Illinois Income Tax Act.

Eliminates the first-come, first-served basis requirement for awarding credits to eligible volunteer emergency workers.

Maintains the $500 per-person tax credit for volunteer emergency workers who serve at least 9 months annually and receive no more than $5,000 in compensation per year.

Credit program applies to taxable years beginning January 1, 2023 through December 31, 2027.

Takes effect immediately upon becoming law.