IL HB3568 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 6-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - 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, 2011 and on or before December 30, 2021. 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, 2011 may be carried forward. Effective immediately.

Tracking Information

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Title

INC TX-TRAINING EXPENSE CREDIT

Sponsors


History

DateChamberAction
2013-01-08HouseSession Sine Die
2011-03-17HouseRule 19(a) / Re-referred to Rules Committee
2011-03-03HouseAssigned to Revenue & Finance Committee
2011-02-24HouseReferred to Rules Committee
2011-02-24HouseFirst Reading
2011-02-24HouseCo-Sponsor Rep. Dwight Kay
2011-02-24HouseChief Co-Sponsor Rep. Jil Tracy
2011-02-24HouseChief Co-Sponsor Rep. Chris Nybo
2011-02-24HouseChief Co-Sponsor Rep. Sandra M. Pihos
2011-02-24HouseChief Co-Sponsor Rep. Sidney H. Mathias
2011-02-24HouseFiled with the Clerk by Rep. David Harris

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355201Amended CodeCitation Text

Illinois State Sources


Bill Comments

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