SB1646

Illinois SB1646 creates a tax credit for early childhood educators with a federal adjusted gross income of $75,000 or less.

Illinois SB1646 amends the Illinois Income Tax Act to establish an income tax credit for early childhood teachers and assistants with a federal adjusted gross income of $75,000 or less. The credit amount is $1,000 for taxable years beginning on or after January 1, 2026, and it is subject to annual adjustments based on the Consumer Price Index. If the credit exceeds the taxpayer's income tax liability, the excess amount is refunded to the taxpayer.