Section 35 ILCS 5/230 - (This Section was added by P.A. 101-8, which did not take effect (see Section 99 of P.A. 101-8)) Child tax credit(a) For taxable years beginning on or after January 1, 2021, there shall be allowed as a credit against the tax imposed by Section 201 for the taxable year with respect to each child of the taxpayer who is under the age of 17 and for whom the taxpayer is allowed an additional exemption under Section 204 an amount equal to $100.(b) The amount of the credit allowed under subsection (a) shall be reduced by $5 for each $2,000 by which the taxpayer's net income exceeds $60,000 in the case of a joint return or exceeds $40,000 in the case of any other form of return.(c) In no event shall a credit under this Section reduce the taxpayer's liability to less than zero.(d) This Section is exempt from the provisions of Section 250.Renumbered from 35 ILCS 5/229 by P.A. 102-0558,§ 220, eff. 8/20/2021.Added by P.A. 101-0008,§ 5, see section 99 for effective date, repealed by P.A. 102-0558,§ 880, eff. 8/20/2021.