Plain English Breakdown
The official text cuts off mid-sentence while defining 'volunteer emergency worker' for taxable years beginning on or after January 1, 2024. The summary confirms the inclusion of police volunteers starts in 2025, but the full statutory language for the 2024 definition is missing from the provided source.
HB0027: Expanding Tax Credit for Volunteer Emergency Workers
This bill changes Illinois tax law to include community policing volunteers, volunteer auxiliary police officers, and volunteer auxiliary deputies as eligible 'volunteer emergency workers' starting in taxable years beginning on or after January 1, 2025.
What This Bill Does
- Amends the definition of 'volunteer emergency worker' in Section 234 of the Illinois Income Tax Act.
- Adds community policing volunteers, volunteer auxiliary police officers, and volunteer auxiliary deputies to the list of eligible workers for tax credits starting with taxable years beginning on or after January 1, 2025.
- Maintains existing rules requiring workers to serve at least nine months during a taxable year and receive no more than $5,000 in compensation.
Who It Names or Affects
- Community policing volunteers
- Volunteer auxiliary police officers
- Volunteer auxiliary deputies
Terms To Know
- Taxable year
- A specific period, usually a calendar year, used to calculate how much tax someone owes.
- Volunteer emergency worker
- As defined in the bill for 2025 and later: includes community policing volunteers, volunteer auxiliary police officers, or volunteer auxiliary deputies. Previously included non-full-time members of fire departments meeting specific service requirements.
Limits and Unknowns
- The official text provided is truncated before fully defining the new categories for years starting in 2024.
- While the synopsis states the bill is effective immediately, the metadata does not list a final signed date or specific implementation timeline beyond the taxable year start dates.