IL SB1583 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 8 2023 - 25% progression
Action: 2024-03-15 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 8 2023 - 25% progression
Action: 2024-03-15 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments 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 |
|---|---|---|
| 2024-03-15 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2024-01-10 | Senate | Added as Co-Sponsor Sen. Sally J. Turner |
| 2024-01-10 | Senate | Re-assigned to Revenue |
| 2023-03-10 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2023-02-14 | Senate | Assigned to Revenue |
| 2023-02-08 | Senate | Referred to Assignments |
| 2023-02-08 | Senate | First Reading |
| 2023-02-08 | Senate | Filed with Secretary by Sen. Tom Bennett |
Code Citations
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1583&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/SB/10300SB1583.htm |
