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90_HB2705
35 ILCS 5/211 new
Amends the Illinois Income Tax Act. Creates a credit
against the taxes imposed under the Act for individual
taxpayers 65 years of age or older and retired in an amount
not to exceed $250 for volunteer services contributed to
public schools in this State. Provides that the amount of
credit is dependent on the number of hours volunteered.
Provides that in the case of a husband and wife, each spouse
shall be allowed to qualify for the credit individually.
Provides for certification by the school of the number of
hours worked by the volunteer. Provides that the credit
shall not reduce the taxpayer's liability under the Act to
less than zero. Provides that the credit shall not be
allowed if the volunteer hours displace, or prevent the
placement of, an employee of the public school. Provides that
the credit is available for taxable years beginning on or
after January 1, 1998. Sunsets the credit after 5 years.
LRB9009818KDks
LRB9009818KDks
1 AN ACT to amend the Illinois Income Tax Act by adding
2 Section 211.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Income Tax Act is amended by
6 adding Section 211 as follows:
7 (35 ILCS 5/211 new)
8 Sec. 211. School volunteer tax credit.
9 (a) For tax years beginning on or after January 1, 1998
10 and ending on or before December 30, 2003, each individual
11 taxpayer 65 years of age or older and retired is entitled to
12 a credit against the taxes imposed under this Act in an
13 amount determined under subsection (b) for any qualified
14 contribution of volunteer services that is made during the
15 taxable year to any public school in this State by the
16 taxpayer.
17 (b) The amount of the credit allowed under subsection
18 (a) shall be based on the number of contributed hours during
19 the taxable year as follows:
20 If the contributed hours are: Amount of credit
21 Less than 50 hours...................... -0-
22 50 hours but less than 100 hours........ $50
23 100 hours but less than 200 hours....... $100
24 200 hours but less than 300 hours....... $150
25 300 hours but less than 400 hours....... $200
26 400 hours or more....................... $250
27 In the case of a husband and wife, each spouse shall be
28 allowed to qualify for the credit and may claim his or her
29 allowable credit. The contributed hours of each spouse shall
30 not be added together to determine if a credit is allowed or
31 the amount of the credit. Each spouse shall separately
-2- LRB9009818KDks
1 contribute the minimum hours required to qualify for the
2 credit.
3 (c) A qualified contribution shall be allowed as a
4 credit only if certified by the public school receiving the
5 contributed services. "Certified" means the issuance to the
6 taxpayer of a service record by the public school, verifying
7 receipt of the contributed services. The service record
8 shall contain the taxpayer's name, dates of contributed
9 service, number of contributed hours, and a verification
10 signature from an authorized agent or designee of the public
11 school.
12 (d) The taxpayer shall provide the Department with a
13 copy of the certification provided in subsection (c) upon
14 request.
15 (e) In no event shall a credit be allowed under this
16 Section if the contribution of volunteer services displaces,
17 or prevents the placement of, any employee of the public
18 school.
19 (f) In no event shall a credit under this Section reduce
20 the taxpayer's liability under the Act to less than zero.
21 (g) For purposes of this Section:
22 "Public school" means a public elementary or secondary
23 school in Illinois, attendance at which satisfies the
24 requirements of Section 26-1 of the School Code.
25 "Qualified contribution" means a contribution of
26 volunteer services of 50 hours or more.
27 "Volunteer services" means noncompensated and
28 unreimbursed services rendered by a retired person, 65 years
29 of age or older, in the State for a public school to aid
30 existing employees of that public school.