IL HB1145

Creates a new income tax credit for employers who hire individuals with developmental disabilities or severe mental illness, equal to 25% of wages paid to qualifying employees

Caps the credit at $6,000 in wages per qualified employee per taxable year (maximum credit of $1,500 per employee)

Requires the Department of Human Services to certify employee eligibility and issue certification letters to employers

Allows unused credits to be carried forward for up to 5 taxable years if the credit exceeds the taxpayer's tax liability

Applies to taxable years beginning on or after January 1, 2025, and takes effect immediately upon becoming law