Illinois HB2732 adjusts the maximum credit for instructional materials and supplies to $500 per semester starting in 2026.
HB2732 amends the Illinois Income Tax Act to change the maximum credit for instructional materials and supplies. For taxable years starting on or after January 1, 2026, the credit will be $500 for each semester, up from $500 per taxable year. This change applies to teachers, instructors, counselors, principals, or aides in qualified schools who work at least 900 hours during a school year. The credit cannot reduce the taxpayer's liability to less than zero and any excess credit can be carried forward for up to five years.
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