IL SB2744

Creates an income tax credit equal to 25% of wages paid to employees with developmental disabilities or severe mental illness, capped at $6,000 in wages per qualified employee per year (maximum credit of $1,500 per employee)

Requires the Department of Human Services to certify that employees qualify based on developmental disability or severe mental illness status

Applies to taxable years beginning on or after January 1, 2026

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

Permits partnerships and S corporations to pass the credit through to partners and shareholders