IL SB1646

Creates a $1,000 refundable income tax credit for early childhood teachers and early childhood assistants employed at child care centers who earn $75,000 or less in federal adjusted gross income

Credit takes effect for taxable years beginning January 1, 2026

Credit amount will be adjusted annually for inflation based on the Consumer Price Index-U starting after the first year

Eligible recipients must meet qualifications set forth in Illinois Administrative Code (89 Ill. Adm. Code 407.140 for teachers, 407.150 for assistants)

Excess credit amounts beyond tax liability will be refunded to the taxpayer