IL HB0400 | 2017-2018 | 100th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Reinstates the training expense credit for tax years ending on or after December 31, 2017 and prior to December 31, 2027. Increases the amount of the credit from 1.6% of training expenses to 2% of training expenses. Provides that the training expense credit earned on or after December 31, 2017 may be carried forward. Effective immediately.
Title
INC TX-TRAINING EXPENSE
Sponsors
| Rep. David Reis [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-08 | House | Session Sine Die |
| 2017-03-31 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2017-02-24 | House | To Growth, Reform & Fairness Subcommittee |
| 2017-01-25 | House | Assigned to Revenue & Finance Committee |
| 2017-01-12 | House | Referred to Rules Committee |
| 2017-01-12 | House | First Reading |
| 2017-01-12 | House | Filed with the Clerk by Rep. David B. Reis |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 201 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=400&GAID=14&DocTypeID=HB&SessionID=91&GA=100 |
| Text | https://www.ilga.gov/legislation/100/HB/10000HB0400.htm |
