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| | 104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026 HB1212 Introduced 1/9/2025, by Rep. Adam M. Niemerg SYNOPSIS AS INTRODUCED: | | | Amends the Illinois Income Tax Act. Creates a credit in an amount equal to the eligible expenses incurred for engaging in qualified tourism activities by the taxpayer during the taxable year. Effective immediately. |
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| | A BILL FOR |
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| | HB1212 | | LRB104 05008 HLH 15036 b |
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1 | | AN ACT concerning revenue. |
2 | | Be it enacted by the People of the State of Illinois, |
3 | | represented in the General Assembly: |
4 | | Section 5. The Illinois Income Tax Act is amended by |
5 | | adding Section 235 as follows: |
6 | | (35 ILCS 5/235 new) |
7 | | Sec. 235. Illinois tourism tax credit. |
8 | | (a) For taxable years beginning on or after January 1, |
9 | | 2026 and ending before January 1, 2029, each taxpayer is |
10 | | entitled to a credit against the taxes imposed by subsections |
11 | | (a) and (b) of Section 201 of this Act in an amount equal to |
12 | | the eligible expenses incurred for engaging in qualified |
13 | | tourism activities by the taxpayer during the taxable year. In |
14 | | no event may the amount of the credit under this Section exceed |
15 | | $5,000 for any taxpayer in any taxable year. |
16 | | (b) As used in this Section: |
17 | | "Eligible expenses" means any expense that is paid or |
18 | | incurred by the taxpayer during any period of qualified travel |
19 | | and that is related to any of the following: (i) food and |
20 | | beverages; (ii) lodging; (iii) transportation; (iv) live |
21 | | entertainment events, such as sporting events; and (v) |
22 | | expenses related to attending a conference or business |
23 | | meeting. |