HB2847

Illinois HB2847 provides an income tax credit for employers of individuals with developmental disabilities or severe mental illness.

HB2847 amends the Illinois Income Tax Act to allow employers who hire individuals with developmental disabilities or severe mental illness, certified by the Department of Human Services, a tax credit of 25% of wages paid, up to $6,000 per employee per year. The credit cannot reduce the employer's tax liability below zero. Excess credits can be carried forward for up to five years. The Department of Human Services will issue certification letters to qualifying employers.