Bill Title: Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who employ qualified employees. Provides that the term "qualified employee" means an individual who (i) is employed by the taxpayer as an engineer and (ii) graduated from an engineering program at an accredited institution of higher learning with a Bachelor's degree or higher within the 5 years immediately preceding the taxable year. Provides that the credit shall be equal to (i) 10% of the compensation paid by the taxpayer during the taxable year to qualified employees who graduated from an engineering program at an accredited institution of higher learning in Illinois or (ii) 5% of the compensation paid by the taxpayer during the taxable year to qualified employees who graduated from an engineering program an accredited institution of higher learning not located in Illinois. Effective immediately.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Failed) 2025-01-07 - Session Sine Die [HB2425 Detail]

Text: Latest bill text (Introduced) [HTML]

---

Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Martin Moylan [D]	Primary	Sponsored Bills	HD-055	FollowTheMoney	Ballotpedia	VoteSmart
Representative Nabeela Syed [D]	Cosponsor	Sponsored Bills	HD-051	FollowTheMoney	Ballotpedia	N/A

Social Comments on IL HB2425