IL HB3398 | 2013-2014 | 98th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 3-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 3-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Reinstates the training expense credit for tax years ending on or after December 31, 2013 and on or before December 30, 2023. Increases the amount of the credit from 1.6% of training expenses to 2% of training expenses. Provides that the training expense credit earned on or after December 31, 2013 may be carried forward. Effective immediately.
Title
INC TX-TRAINING EXPENSE CREDIT
Sponsors
History
| 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 |
| 2013-03-11 | House | Added Chief Co-Sponsor Rep. Patricia R. Bellock |
| 2013-03-11 | House | Added Chief Co-Sponsor Rep. Dwight Kay |
| 2013-02-26 | House | Referred to Rules Committee |
| 2013-02-26 | House | First Reading |
| 2013-02-26 | House | Filed with the Clerk by Rep. Wayne Rosenthal |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 201 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3398&GAID=12&DocTypeID=HB&SessionID=85&GA=98 |
| Text | https://www.ilga.gov/legislation/98/HB/09800HB3398.htm |
