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IL SB3785
Bill
Status
Introduced
2/5/2026
Primary Sponsor
Darby Hills
Click for details
AI Summary
- Increases the tax credit for corporate child care facility start-up costs from 30% to 50% for taxable years ending on or after December 31, 2026.
- Raises the annual operating cost credit from 5% to 20% for employers providing child care for employees' children.
- Expands eligible expenses to include on-site facilities, off-site child care arrangements, or a combination of both.
- Allows corporations to coordinate with independent child care facilities to provide care for employees' children, in addition to operating their own or partnering with other corporations.
- Excess credits may be carried forward for up to 5 taxable years; taxpayers cannot claim both this credit and the separate dependent care assistance program credit in the same year.
Legislative Description
INC TX-CHILD CARE
Last Action
Rule 2-10 Committee Deadline Established As April 24, 2026
3/13/2026
Committee Referrals
Revenue2/24/2026
Assignments2/5/2026
Full Bill Text
No bill text available