IL HB0391 | 2021-2022 | 102nd General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 29 2021 - 25% progression, died in committee
Action: 2021-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who employ individuals working within the engineering sector who graduated from an accredited institution of higher learning with a Bachelor's degree or higher. Provides that the credit shall be equal to 10% of the compensation paid for the first through fifth years of employment in the engineering sector if the qualified employee graduated from an institution located in Illinois or 5% of the compensation paid for the first through fifth years of employment in the engineering sector if the qualified employee graduated from an institution not located in Illinois. Effective immediately.

Tracking Information

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Title

INC TX-ENGINEERING STUDENTS

Sponsors


History

DateChamberAction
2021-03-27HouseRule 19(a) / Re-referred to Rules Committee
2021-03-11HouseTo Income Tax Subcommittee
2021-03-02HouseAssigned to Revenue & Finance Committee
2021-02-08HouseReferred to Rules Committee
2021-02-08HouseFirst Reading
2021-01-29HouseFiled with the Clerk by Rep. Martin J. Moylan

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355232New CodeSee Bill Text

Illinois State Sources


Bill Comments

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