Bill Title: Amends the Illinois Income Tax Act. Reinstates the training expense credit for tax years ending on or after December 31, 2013 and on or before December 30, 2023. 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, 2013 may be carried forward. Effective immediately.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Failed) 2014-12-03 - Session Sine Die [HB1072 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Louis Lang [D]	Primary	Sponsored Bills	HD-016	FollowTheMoney	Ballotpedia	VoteSmart
Representative Derrick Smith [D]	Cosponsor	Sponsored Bills	HD-010	FollowTheMoney	Ballotpedia	VoteSmart

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