IL HB0834 | 2021-2022 | 102nd General Assembly
Status
Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on February 9 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]
Status: Introduced on February 9 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 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.
Title
INC TX-INTERNSHIP CREDIT
Sponsors
Sen. Thomas Bennett [R] | Rep. Dan Brady [R] | Rep. Ryan Spain [R] |
History
Date | Chamber | Action |
---|---|---|
2021-03-27 | House | Rule 19(a) / Re-referred to Rules Committee |
2021-03-18 | House | Added Co-Sponsor Rep. Ryan Spain |
2021-03-18 | House | Added Co-Sponsor Rep. Dan Brady |
2021-03-11 | House | To Income Tax Subcommittee |
2021-03-02 | House | Assigned to Revenue & Finance Committee |
2021-02-10 | House | Referred to Rules Committee |
2021-02-10 | House | First Reading |
2021-02-09 | House | Filed with the Clerk by Rep. Thomas M. Bennett |
Code Citations
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=834&GAID=16&DocTypeID=HB&SessionID=110&GA=102 |
Text | https://www.ilga.gov/legislation/102/HB/10200HB0834.htm |