SB3420Introduced in the Senate
INC TAX-CHILD CARE
Introduced by Javier Cervantes, District 1
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Amends the Illinois Income Tax Act. Provides that the tax credit for employee child care shall be (i) 30% of the start-up costs expended by the corporate taxpayer to provide a child care facility for the children of its employees and (ii) 10% (currently, 5%) of the annual amount paid by the corporate taxpayer in providing the child care facility for the children of its employees. Creates an income tax credit for corporate taxpayers that are qualified small businesses in an amount equal to 10% of the federal tax credit claimed by the taxpayer for the taxable year for qualified child care expenditures. Effective immediately.
Where it stands
Rule 3-9(a) / Re-referred to Assignments
May 22, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Filed with Secretary by Sen. Javier L. Cervantes
First Reading
Referred to Assignments
Assigned to Revenue
Added as Co-Sponsor Sen. Chris Balkema
Added as Co-Sponsor Sen. Graciela Guzmán
Rule 2-10 Committee Deadline Established As April 24, 2026
Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
Rule 3-9(a) / Re-referred to Assignments
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