SB3064 amends the Illinois Income Tax Act to remove the cap on tax credits for volunteer emergency workers.
SB3064 amends the Illinois Income Tax Act by removing the cap on the aggregate amount of tax credits awarded for volunteer emergency workers. This change allows for an unlimited number of credits to be awarded, provided they meet the eligibility criteria. Volunteer emergency workers who serve for at least nine months and do not receive compensation over $5,000 can apply for a $500 credit against their taxes. The bill also details the notification and registration requirements for these workers.
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