101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB0227
 
Introduced , by Rep. Thomas M. Bennett
 
SYNOPSIS AS INTRODUCED:



35 ILCS 5/229 new

 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.



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FISCAL NOTE ACT MAY APPLY
 
 
A BILL FOR
 


HB0227LRB101 04550 HLH 49558 b



1 AN ACT concerning revenue.


2 Be it enacted by the People of the State of Illinois,

3represented in the General Assembly:



4 Section 5. The Illinois Income Tax Act is amended by adding 
5Section 229 as follows:

6 (35 ILCS 5/229 new)
7 Sec. 229. Credit for internship employment.
8 (a) For each taxable year ending on or after December 31, 
92019, each taxpayer is entitled to a credit against the tax 
10imposed by subsections (a) and (b) of Section 201 of this Act 
11in an amount equal to 10% of the stipend or salary paid by the 
12taxpayer to up to (i) 5 qualified college interns or (ii) 5 
13qualified high school interns during the taxable year. No 
14taxpayer may claim more than $5,000 in total credits under this 
15Section for all taxable years combined. For partners, 
16shareholders of Subchapter S corporations, and owners of 
17limited liability companies, if the liability company is 
18treated as a partnership for purposes of federal and State 
19income taxation, there shall be allowed a credit under this 
20Section to be determined in accordance with the determination 
21of income and distributive share of income under Sections 702 
22and 704 and Subchapter S of the Internal Revenue Code. 
23 (b) For purposes of this Section: 
 
 
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1 "Qualified college intern" means an enrolled student at an 
2Illinois institution of higher education or a vocational 
3technical education program (i) who is seeking a degree or 
4certification of completion in a major field of study closely 
5related to the work experience performed for the taxpayer, (ii) 
6whose internship is taken for academic credit or counts toward 
7the completion of a vocational technical education program, 
8(iii) who is supervised and evaluated by the taxpayer, and (iv) 
9whose position is located in Illinois. 
10 "Qualified high school intern" means an enrolled student in 
11an Illinois high school whose internship is (i) taken for 
12academic credit or counts toward the completion of an education 
13program, (ii) supervised and evaluated by the taxpayer, and 
14(iii) located in Illinois. 
15 (c) In no event shall a credit under this Section reduce 
16the taxpayer's liability to less than zero. If the amount of 
17the credit exceeds the taxpayer's liability for the taxable 
18year, the excess credit amounts may not be carried forward, 
19carried back, or refunded to the taxpayer. 
20 (d) This Section is exempt from the provisions of Section 
21250. 


22 Section 99. Effective date. This Act takes effect upon 
23becoming law.