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]

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Sponsors

Name	Type	Contact	Phone	District	Sponsorship	State Profile	Financial	Encyclopedia	Biography
Representative Martin Moylan [D]	Primary	Email	217-782-8007	HD-055	Sponsored Bills	State Profile	FollowTheMoney	Ballotpedia	VoteSmart
Representative Nabeela Syed [D]	Cosponsor	N/A	217-782-3696	HD-051	Sponsored Bills	State Profile	FollowTheMoney	Ballotpedia	N/A

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