HB4080

Illinois HB4080 allows a tax credit for qualified security expenses incurred by federal judges and Illinois state judges.

Illinois HB4080 amends the Illinois Income Tax Act to allow a tax credit for qualified security expenses incurred by eligible members of the judiciary. These expenses include hiring private security contractors or installing security systems at their residence. The credit applies to taxable years beginning on or after January 1, 2026. If the credit exceeds the taxpayer's tax liability for the year, the excess can be carried forward for up to five years. The credit cannot reduce the taxpayer's liability below zero.