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IL HB4680

Bill

Official Source

Status

Introduced

1/29/2026

Primary Sponsor

Dave Vella

Click for details

Origin

House of Representatives

104th General Assembly

AI Summary

  • Increases the Illinois Earned Income Tax Credit (EITC) from 20% to 30% of the federal earned income tax credit for taxable years beginning on or after January 1, 2026

  • Amends Section 212 of the Illinois Income Tax Act (35 ILCS 5/212)

  • Continues the historical pattern of gradual EITC increases, which rose from 5% (2000-2012) to 7.5%, 10%, 14%, 18%, and currently 20% (2023-2025)

  • Takes effect immediately upon becoming law

  • Introduced by Rep. Dave Vella in the 104th General Assembly

Legislative Description

INC TAX-EITC

Last Action

To Tax Policy: Other Taxes Subcommittee

2/26/2026

Committee Referrals

Tax Policy: Other Taxes2/26/2026
Revenue & Finance2/17/2026
Rules2/6/2026

Full Bill Text

No bill text available