SB2744

Illinois SB2744 provides an income tax credit for employers of individuals with developmental disabilities or severe mental illness.

Illinois SB2744 amends the Illinois Income Tax Act to offer a credit for employers who hire individuals with developmental disabilities or severe mental illness, as certified by the Department of Human Services. The credit equals 25% of the wages paid to the qualified employee, up to a maximum of $6,000 per year. Employers must apply for certification from the Department of Human Services, and the credit can be carried forward if it exceeds the tax liability. The credit cannot reduce the taxpayer's liability below zero.