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HB 1218

INC TX-DEPENDENT TAX CREDIT

104th Regular Session Introduced by Adam Niemerg

Illinois HB 1218 increases the state dependent tax credit, reducing taxes owed by families with qualifying dependents while decreasing state revenue.

Rule 19(a) / Re-referred to Rules Committee
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Bill Summary · HB 1218

Legislative bill overview

HB 1218 would increase Illinois's dependent tax credit, allowing taxpayers to claim a larger credit amount for each qualifying dependent claimed on their tax return. The bill has been referred through multiple committees but has not yet advanced beyond the Rules Committee as of March 2025.

Why is this important

Dependent tax credits directly reduce state income tax liability for families with children or other dependents, potentially increasing take-home pay for Illinois residents. The fiscal impact depends on the credit amount increase, which could affect state revenue and budget allocations while providing relief to eligible households.

Potential points of contention

  • Revenue impact: Increasing the dependent credit reduces state tax revenue, requiring either budget cuts elsewhere or alternative revenue sources to maintain spending levels
  • Income eligibility criteria: Questions about whether the credit should be limited by income level, potentially affecting whether higher-income families benefit equally
  • Effectiveness as policy tool: Debate over whether dependent credits are the most efficient way to support families compared to direct spending or other tax structures

Compiled from official sources — confirm details with the bill’s official record.

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