IDOR-RPT6, Income Tax Credits and Expirations

Adoption Credit

35 ILCS 5/227

Not valid for TY ending after 12/31/2029

Income Tax (IIT)

Yes

No

IIT: 1299-C

No

5 years

Tax Credit for Affordable Housing Donations

35 ILCS 5/214

Not valid for TY ending after 12/31/2026

Income Tax (IIT/BIT)

Yes

No

IIT: 1299-C

BIT: 1299-A; 1299-D

Yes, 35 ILCS 5/214(c): The transfer of the tax credit allowed under this Section may be made (i) to the purchaser of land that has been designated solely for affordable housing projects in accordance with the Illinois Housing Development Act or (ii) to another donor who has also made a donation in accordance with Section 7.28 of the Illinois Housing Development Act.

5 years

Agritourism Liability Insurance Income Tax Credit**

35 ILCS 5/232

Not valid for TY ending after 12/31/2023

Income Tax (IIT/BIT)

No

No

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

Angel Investment Credit

35 ILCS 5/220

Not valid for TY ending after 12/31/2026

Income Tax (IIT/BIT)

Yes

No

IIT: 1299-C

BIT: 1299-A; 1299-D

No (expressly prohibited) 5 years

5 years

Apprenticeship Education Expense Tax Credit

35 ILCS 5/231

Not valid for TY beginning after 01/01/2026

Income Tax (IIT/BIT)

Yes

No

IIT: 1299-C

BIT: 1299-A; 1299-D

No (expressly prohibited)

No

Child Tax Credit*

35 ILCS 5/244

Exempt from sunset

Income Tax (IIT)

Yes

Yes

IIT: 1040, Sch IL-E/EITC

No

No

Data Center Construction Employment Tax Credit*

35 ILCS 5/229

20 ILCS 605/605-1025

Exempt from sunset

Income Tax (IIT/BIT)

Yes

Yes

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

Dependent Care Assistance Program Tax Credit*

35 ILCS 5/210

Exempt from sunset

(Predates Section 250)

Income Tax (IIT/BIT)

Yes

Yes

IIT: 1299-C

BIT: 1299-D

No

2 years

Earned Income Credit*

35 ILCS 5/212

Exempt from sunset

Income Tax (IIT)

Yes

Yes

IIT: 1040, Sch IL-E/EITC

No

No

Economic Development for a Growing Economy (EDGE) Tax Credit*

35 ILCS 10

35 ILCS 5/211

35 ILCS 5/704A

Income Tax credit exempt from sunset; however, no new agreements allowed after 06/30/2027. No credits awarded under agreements entered into on or after 01/01/15 may be credited against withholding except for 1) qualified startup taxpayers who enter into an EDGE agreement after 04/19/22 or 2) taxpayers that meet certain requirements (as set forth by 35 ILCS 10/5-20(b)(1.7)) and enter into an EDGE agreement on or after 06/26/24.

Income Tax (IIT/BIT/WIT)

Yes

Yes

IIT:1299-C

BIT: 1299-A; 1299-D

WIT: IL-941, Schedule WC

No

5 years

Education Expense Credit (K-12)*

35 ILCS 5/201(m)

Exempt from sunset

Income Tax (IIT)

Yes

Yes

IIT: 1040, Sch ICR

No

No

Tax Credit for Employee Child Care*

35 ILCS 5/210.5

Exempt from sunset

Income Tax (BIT)

Yes

Yes

BIT: 1299-D (corporate filers only)

No

5 years

Enterprise Zone Investment Credit*

35 ILCS 5/201(f)

Exempt from sunset

Income Tax (IIT/BIT)

Yes

Yes

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

Enterprise Zone Construction Jobs Credit*

20 ILCS 655/13

35 ILCS 5/201(f)(8)

Exempt from sunset

Income Tax (IIT/BIT)

Yes

Yes

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

Film Production Services Credit (of 2008)

35 ILCS 5/213

35 ILCS 16/42

Not valid for TY beginning on or after 01/01/2033

Income Tax (IIT/BIT)

Yes

No

IIT: 1299-C

BIT: 1299-A; 1299-D

Yes, 35 ILCS 5/213: A transfer of this credit may be made by the taxpayer earning the credit within one year after the credit is awarded in accordance with rules adopted by DCEO.

5 years

Foreign Tax Credit*

35 ILCS 5/601(b)(3)

Exempt from sunset

Income Tax (IIT/BIT)

Yes

Yes

IIT: 1040, Schedule CR

BIT: 1041, Schedule CR

No

No

High Impact Business Investment Credit*

35 ILCS 5/201(h)(1)

Exempt from sunset

Income Tax (IIT/BIT)

Yes

Yes

IIT: 1299-C

BIT: 1299-D

No

5 years

High Impact Business Construction Jobs Credit*

20 ILCS 655/5.5(b-7)

35 ILCS 5/201(h-5)

Exempt from sunset

Income Tax (IIT/BIT)

Yes

Yes

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

Historic Preservation Credit**

35 ILCS 5/219

Not valid for TY ending after 12/31/2015

Income Tax (IIT/BIT)

No

No

IIT: 1299-C

BIT: 1299-A; 1299-D

Yes, 35 ILCS 30/20: Transfer of Credits

The excess amount may be carried forward for deduction from the taxpayer’s income tax liability in the next succeeding year or years until the total amount of the credit has been used, except that a credit may not be carried forward for deduction after the tenth taxable year after the taxable year in which the qualified rehabilitation plan was placed in service.

2019 Historic Preservation Tax Credit

35 ILCS 5/228

35 ILCS 31/1 et. seq.

Not valid for TY ending after 12/31/2028

Income Tax (IIT/BIT)

Yes

No

IIT: 1299-C

BIT: 1299-A; 1299-D

No

10 years

Hospital Credit

35 ILCS 5/223

Not valid for TY ending after 12/31/27 (retroactive from 06/14/17)

Income Tax (IIT/BIT)

Yes

No

IIT: 1299-C

BIT: 1299-A; 1299-D

Yes, 35 ILCS 5/223(b): A transfer of this credit may be made by the taxpayer earning the credit within one year after the credit is earned in accordance with rules adopted by the Illinois Department of Revenue.

5 years

Hydrogen Fuel Replacement

35 ILCS 5/240

Not valid for TY ending after 12/31/2028

Income Tax (IIT/BIT)

Yes

No

IIT: 1299-C

BIT: 1299-A; 1299-D

Yes, 35 ILCS 5/240(c): A sale, assignment, or transfer of the tax credit may be made by the taxpayer earning the credit within one year after the credit is awarded in accordance with rules adopted by the Department of Commerce and Economic Opportunity.

5 years

Credit for Instructional Materials and Supplies*

35 ILCS 5/225

Exempt from sunset

Income Tax (IIT)

Yes

Yes

IIT: 1299-C

No

5 years

Illinois Gives Credit

35 ILCS 5/241

Not valid for TY ending after 12/31/2029

Income Tax (IIT/BIT)

Yes

No

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

Invest in Kids Credit**

35 ILCS 5/224

35 ILCS 40

Not valid for TY ending after 12/31/2023

Income Tax (IIT/BIT)

No

No

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

Live Theater Production Credit

35 ILCS 5/222

35 ILCS 17/1 et seq.

35 ILCS 5/704A

Not valid for TY beginning on or after 01/01/2027

Income Tax (IIT/BIT/WIT)

Yes

No

IIT: 1299-C

BIT: 1299-A; 1299-D

WIT: IL-941, Schedule WC

BIT/IIT: Yes, 35 ILCS 5/222(c): A sale, assignment, or transfer of the tax credit award may be made by the taxpayer earning the credit within one year after the credit is awarded in accordance with rules adopted by DCEO.

WIT: No

5 years

Local Journalism Sustainability Tax Credit

35 ILCS 5/704A

Not valid for TY beginning on or after 01/01/2030

Income Tax (WIT)

Yes

No

WIT: IL-941, Schedule WC

No

No

Manufacturing Illinois Chips for Real Opportunity (MICRO) Construction Jobs Credit*

35 ILCS 5/238

Exempt from sunset. No new DCEO agreements after 12/31/2028.

Income Tax (IIT/BIT)

Yes

Yes

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

Manufacturing Illinois Chips for Real Opportunity (MICRO) Illinois Credit*

35 ILCS 5/238

35 ILCS 5/704A(g-2)

Exempt from sunset. No new DCEO agreements after 12/31/2028.

Income Tax (IIT/BIT/WIT)

Yes

Yes

IIT: 1299-C

BIT: 1299-A; 1299-D

WIT: IL-941, Schedule WC

No

5 years

Manufacturing Illinois Chips for Real Opportunity (MICRO) Investment Tax Credit

35 ILCS 5/239

Not valid for TY beginning on or after 04/20/2027

Income Tax (IIT/BIT)

Yes

No

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

Minimum Wage Tax Credit

35 ILCS 5/704A (i)

Not valid for TY ending after 12/31/2026 for employers with more than 5 employees. Not valid for TY ending after 12/31/2027 for employers with 5 or fewer employees.

Income Tax (WIT)

Yes

No

WIT: IL-941, Schedule WC

No

No

Music and Musicians Tax Credit

35 ILCS 5/241

Not valid for TY ending after 12/31/2029

Income Tax (IIT/BIT)

Yes

No

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

Natural Disaster Credit**

35 ILCS 5/226

Not valid for TY beginning on or after 01/01/19

Income Tax (IIT/BIT)

No

No

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

New Construction EDGE Credit*

35 ILCS 5/211

35 ILCS 10/5-51

Exempt from sunset

Income Tax (IIT/BIT)

Yes

Yes

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

New Markets Development Tax Credit

20 ILCS 663

06/30/2012

06/30/2017

No new investments after 06/30/2031

Income Tax (IIT/BIT)

Yes

No

IIT: 1299-C

BIT: 1299-A; 1299-D

No, 20 ILCS 663/15: No tax credit claimed under this Act shall be refundable or saleable on the open market.

5 years

Organ Donation Tax Credit*

35 ILCS 5/704A(j)

Exempt from sunset

Income Tax (WIT)

Yes

Yes

WIT: IL-941, Schedule WC

No

3 years

Pass-through Entity (PTE) Tax Credit

35 ILCS 5/201(p)

Not valid for TY beginning on or after 01/01/2026

Income Tax (IIT/BIT)

Yes

No

IIT: 1040

BIT: 1120; 1120-ST; 1065; 1041; 990-T

No

No

Personal Property Replacement Tax Investment Credit*

35 ILCS 5/201(e)

Exempt from sunset. The basis computation cannot include costs incurred after 12/31/2018.

Income Tax (BIT)

Yes

Yes

BIT: IL-477

No

5 years

Quantum Computing Campuses Tax Credit*

20 ILCS 605/605-1115

35 ILCS 5/241

Exempt from sunset

Income Tax (IIT/BIT)

Yes

Yes

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

Recovery and Mental Health Tax Credit*

35 ILCS 5/233

35 ILCS 50

Exempt from sunset

Income Tax (IIT/BIT)

Yes

Yes

IIT: 1299-C

BIT: 1299-A; 1299-D

No

No

Research and Development Credit

35 ILCS 5/201(k)

Retroactive for 2016 - Extended - Not valid for TY ending after 12/31/2031

Income Tax (IIT/BIT)

Yes

No

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

Residential Real Property Tax Credit*

35 ILCS 5/208

Exempt from sunset

Income Tax (IIT)

Yes

Yes

IIT: 1040, Schedule ICR

No

No

Reimagining Energy and Vehicles (REV) Illinois Credit*

20 ILCS 686/30(b)

35 ILCS 5/236

35 ILCS 5/704A(g-1)

Exempt from sunset. No new DCEO agreements after 12/31/2027.

Income Tax (IIT/BIT/WIT)

Yes

Yes

IIT: 1299-C

BIT: 1299-A; 1299-D

WIT: IL-941, Schedule WC

No

5 years

Reimagining Energy and Vehicles (REV) Construction Jobs Credit*

20 ILCS 686/30(c)

35 ILCS 5/236

Exempt from sunset

Income Tax (IIT/BIT)

Yes

Yes

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

Reimagining Energy and Vehicles (REV) Illinois Investment

20 ILCS 686/100

35 ILCS 5/237

Not valid for TY beginning on or after 11/17/2026

Income Tax (IIT/BIT)

Yes

No

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

Credit for Wages Paid to Returning Citizens*

35 ILCS 5/216

Exempt from sunset

Income Tax (IIT/BIT)

Yes

Yes

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

River Edge Construction Jobs Credit

65 ILCS 115/10-10.3

35 ILCS 5/221(a-2)

Not valid for TY ending after 12/31/2026

Income Tax (IIT/BIT)

Yes

No

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

River Edge Historic Preservation Credit

35 ILCS 5/221(a-1)

Not valid for TY ending after 12/31/2026

Income Tax (IIT/BIT)

Yes

No

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

Credit for Student-Assistance Contributions

35 ILCS 5/218

Not valid for TY ending after 12/31/2029

Income Tax (IIT/BIT)

Yes

No

IIT: 1299-C

BIT: 1299-A; 1299-D

No

5 years

Tax Credit for “TECH PREP” Youth Vocational Programs*

35 ILCS 5/209

Exempt from sunset

Income Tax (IIT/BIT)

Yes

Yes

IIT: 1299-C

BIT: 1299-D

No

2 years

Volunteer Emergency Worker Credit

35 ILCS 5/234

Not valid for TY beginning on or after 01/01/2028

Income Tax (IIT)

Yes

No

IIT: 1040, Schedule ICR

No

No