IL HB5801 | 2011-2012 | 97th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 5-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 5-0)
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, 2012 and on or before December 30, 2022. 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, 2012 may be carried forward. Effective immediately.
Title
INC TX-TRAINING EXPENSE CREDIT
Sponsors
| Rep. Wayne Rosenthal [R] | Sen. Jason Barickman [R] | Rep. Sidney Mathias [R] | Rep. Mike Bost [R] |
| Sen. Jil Tracy [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2013-01-08 | House | Session Sine Die |
| 2012-02-28 | House | Added Chief Co-Sponsor Rep. Jil Tracy |
| 2012-02-28 | House | Added Chief Co-Sponsor Rep. Mike Bost |
| 2012-02-28 | House | Added Chief Co-Sponsor Rep. Sidney H. Mathias |
| 2012-02-28 | House | Added Chief Co-Sponsor Rep. Jason Barickman |
| 2012-02-16 | House | Referred to Rules Committee |
| 2012-02-16 | House | First Reading |
| 2012-02-16 | House | Filed with the Clerk by Rep. Wayne Rosenthal |
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=5801&GAID=11&DocTypeID=HB&SessionID=84&GA=97 |
| Text | https://www.ilga.gov/legislation/97/HB/09700HB5801.htm |
