HB1179

Illinois HB1179 introduces a $250 income tax credit for taxpayers making four or more blood donations in a year.

Illinois HB1179 amends the Illinois Income Tax Act to create a $250 income tax credit for taxpayers who donate human whole blood or human blood components at least four times in a taxable year. The credit applies to donations made to blood banks that qualify as exempt organizations under Section 501(c)(3) of the Internal Revenue Code. If the credit exceeds the taxpayer's tax liability for the year, the excess can be carried forward and applied to the tax liability of the five taxable years following the excess credit year.