INC TX-CHILD WAIVER

Summary

The bill lets Illinois residents who are legally domiciled in the United States apply for a waiver of state income tax for the year they have a child—by birth or adoption—and the two subsequent years. If the waiver is granted, the taxpayer’s net income is treated as zero for each of those years. The measure is intended to lessen the tax burden on new families.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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