IL HB4343 | 2019-2020 | 101st General Assembly
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 29 2020 - 25% progression, died in committee
Action: 2020-06-02 - Added Co-Sponsor Rep. Jonathan "Yoni" Pizer
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 29 2020 - 25% progression, died in committee
Action: 2020-06-02 - Added Co-Sponsor Rep. Jonathan "Yoni" Pizer
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 10% of the stipend or salary paid by the taxpayer to up to (i) 5 qualified college interns or (ii) 5 qualified high school interns during the taxable year. Provides that no taxpayer may claim more than $5,000 in total credits under that Section for all taxable years combined. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.
Title
INC TX-INTERNSHIP CREDIT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-06-02 | House | Added Co-Sponsor Rep. Jonathan "Yoni" Pizer |
| 2020-01-29 | House | Referred to Rules Committee |
| 2020-01-29 | House | First Reading |
| 2020-01-29 | House | Filed with the Clerk by Rep. Thomas M. Bennett |
Code Citations
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4343&GAID=15&DocTypeID=HB&SessionID=108&GA=101 |
| Text | https://www.ilga.gov/legislation/101/HB/10100HB4343.htm |
