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Child Care Tax Credit Legislation

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The cost of affordable and quality childcare is keeping people from re-entering the workforce. This significantly impacts many small businesses struggling to find employees to support their operations.

The Small Business Advocacy Council is championing legislation that will provide a childcare tax credit to eligible families so working parents are able to rejoin the workforce. The chief sponsors of this important legislation are Chairman Edgar Gonzalez and Senator Willie Preston.

This legislation establishes:

  • A tax credit for joint filers who collectively make $75k/year or less and single filers who make $45k/year or less and have children seventeen years or younger.
  • The tax credit will be $1,500 for the first eligible child.
  • The tax credit increases by $500 for each additional eligible child, with a maximum allowable tax credit per family of $2,500.

We are advocating that the Illinois legislators pass this legislation to support small businesses, supplement the workforce, support working parents, and strengthen the Illinois economy.


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