IL HB4179 | 2017-2018 | 100th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Authorizes a credit to taxpayers for 10% of stipends or salaries paid to qualified college interns. Limits the credit to stipends and salaries paid to 5 interns each year, and limits total credits to $3,000 for all years combined. Defines a "qualified college intern". Provides that the credit may not reduce the taxpayer's liability to less than zero and may not be carried forward or back. Exempt from the Act's sunset provisions. Effective immediately.

Tracking Information

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Title

INC TAX CREDIT INTERNS

Sponsors


History

DateChamberAction
2019-01-08HouseSession Sine Die
2018-01-16HouseReferred to Rules Committee
2018-01-16HouseFirst Reading
2017-12-14HouseFiled with the Clerk by Rep. David B. Reis

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355227New CodeSee Bill Text

Illinois State Sources


Bill Comments

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