IL HB0144 | 2015-2016 | 99th General Assembly

Status

Spectrum: Strong Partisan Bill (Democrat 17-1)
Status: Introduced on January 14 2015 - 25% progression, died in committee
Action: 2016-01-04 - Added Co-Sponsor Rep. Andrew F Skoog
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Provides that each taxpayer who employs a long-term unemployed person during the taxable year is entitled to an income tax credit of: (1) $500 in the taxable year in which the long-term unemployed person is initially hired by the taxpayer; (2) $750 in the first taxable year after the long-term unemployed person is initially hired by the taxpayer; and (3) $1,250 in the second taxable year after the long-term unemployed person is initially hired by the taxpayer. Provides that the credit for individuals who are employed by the taxpayer for a partial year shall be calculated based on the number of weeks of employment. Provides that the credit may be carried forward. Provides that the term "long-term unemployed person" means a person who was unemployed for a period of at least 27 consecutive weeks ending on the Saturday immediately preceding the date he or she was hired by the taxpayer, was an Illinois resident on the date he or she was hired by the taxpayer, is employed by the taxpayer during the taxable year as a full-time employee, and was not enrolled as a full-time student at a public or private high school, community college, or university at any point during the 27-week period immediately preceding the date he or she was hired by the taxpayer. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately.

Tracking Information

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Title

INC TX-EMPLOYEE CREDIT

Sponsors


History

DateChamberAction
2016-01-04HouseAdded Co-Sponsor Rep. Andrew F Skoog
2015-03-27HouseRule 19(a) / Re-referred to Rules Committee
2015-03-25HouseAdded Co-Sponsor Rep. Deb Conroy
2015-03-18HouseAdded Co-Sponsor Rep. Patrick J. Verschoore
2015-03-12HouseAdded Co-Sponsor Rep. Anthony DeLuca
2015-03-06HouseAdded Co-Sponsor Rep. Al Riley
2015-03-06HouseAdded Co-Sponsor Rep. Sam Yingling
2015-03-04HouseAdded Co-Sponsor Rep. Kenneth Dunkin
2015-03-03HouseAdded Co-Sponsor Rep. Monique D. Davis
2015-02-26HouseAdded Co-Sponsor Rep. Pamela Reaves-Harris
2015-02-24HouseAdded Co-Sponsor Rep. Carol Ammons
2015-02-23HouseAdded Co-Sponsor Rep. Natalie A. Manley
2015-02-20HouseTo Income Tax Subcommittee
2015-02-19HouseAdded Co-Sponsor Rep. Sue Scherer
2015-02-19HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit
2015-02-17HouseAdded Co-Sponsor Rep. Mike Smiddy
2015-02-17HouseAdded Co-Sponsor Rep. Litesa E. Wallace
2015-02-11HouseAdded Co-Sponsor Rep. Ed Sullivan
2015-02-11HouseAdded Co-Sponsor Rep. Martin J. Moylan
2015-02-03HouseAssigned to Revenue & Finance Committee
2015-01-14HouseReferred to Rules Committee
2015-01-14HouseFirst Reading
2015-01-14HouseFiled with the Clerk by Rep. Lawrence Walsh, Jr.

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355224New CodeSee Bill Text

Illinois State Sources


Bill Comments

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