Illinois House Bill 3142 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Provides that each taxpayer is entitled to a credit for each employee of the taxpayer who was (i) laid off by the taxpayer during calendar year 2012, (ii) employed by the taxpayer for at least one year prior to being laid off, (iii) rehired by the taxpayer during calendar year 2013, and (iv) retained by the taxpayer for a period of at least one year after being rehired. Provides that, if the employee was rehired on or before May 31, 2013, the taxpayer is entitled to a credit in an amount equal to 66% of the total taxes imposed on the employer with respect to that employee under the Federal Insurance Contribution Act during the 12-month period commencing with the date of rehire. Provides that, if the employee was rehired on or after June 1, 2013, the taxpayer is entitled to a credit in an amount equal to 33% of the total taxes imposed on the employer with respect to that employee under the Federal Insurance Contribution Act during the 12-month period commencing with the date of rehire. Provides that the credit may be carried forward. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

INC TX-LAID OFF WORKERS

Rep. Thaddeus Jones [D]

Date	Chamber	Action
2014-12-03	House	Session Sine Die
2013-03-22	House	Rule 19(a) / Re-referred to Rules Committee
2013-03-11	House	Assigned to Revenue & Finance Committee
2013-02-26	House	Referred to Rules Committee
2013-02-26	House	First Reading
2013-02-26	House	Filed with the Clerk by Rep. Thaddeus Jones

Chapter	Article	Section	Citation Type	Statute Text
35	5	224	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3142&GAID=12&DocTypeID=HB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/HB/09800HB3142.htm