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IL SB2855
Bill
Status
Introduced
1/16/2026
Primary Sponsor
Paul Faraci
Click for details
AI Summary
- Creates an income tax credit for individuals who volunteer at least 100 hours per year without compensation and are not employed by the organization where they volunteer
- Caps total volunteer tax credits at $5,000,000 statewide per calendar year, with the credit available for taxable years 2026 through 2030
- Qualifies community foundations approved under the Illinois Gives Tax Credit Act to automatically participate in the State Employees Combined Appeal (SECA) payroll deduction program without meeting standard requirements
- Allows endowment gifts made through the Voluntary Payroll Deductions Act to qualify for the existing Illinois Gives Tax Credit, which provides a 25% credit on donations to permanent endowment funds
Legislative Description
ILLINOIS GIVES-SECA
Last Action
Rule 2-10 Committee Deadline Established As April 24, 2026
3/13/2026
Committee Referrals
Revenue2/3/2026
Assignments1/16/2026
Full Bill Text
No bill text available