Bill Title: 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.

Spectrum: Partisan Bill (Republican 5-0)

Status: (Failed) 2013-01-08 - Session Sine Die [HB5801 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2012-02-16	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB5801

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB5801 currently on file.

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