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IL SB3788
Bill
AI Summary
- Creates a new Illinois child care tax credit equal to 25% of the federal child tax credit allowed under Section 24 of the Internal Revenue Code for each qualifying child
- Applies to taxable years beginning on or after January 1, 2026
- Qualifying children must be 13 years of age or younger and claimed as dependents on the taxpayer's federal return
- Credit is fully refundable—excess amounts beyond tax liability will be refunded to the taxpayer
- Refunded credit amounts will not count as income or resources for determining eligibility in means-tested government benefit programs
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