IL HB4289 | 2013-2014 | 98th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
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. Creates a credit for wages paid pursuant to a qualified apprenticeship program. Provides that a "qualified apprenticeship program" means an apprenticeship program in manufacturing, plastics, or construction trades that is certified by the Department of Commerce and Economic Opportunity and at least 4 years in duration. Provides that the credit may not exceed the lesser of (i) 50% of the wages paid by the taxpayer to each apprentice during the taxable year or (ii) $4,800 per apprentice. Provides that the credit may be carried forward for 5 taxable years. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Tracking Information

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Title

INC TX-APPRENTICE CREDIT

Sponsors


History

DateChamberAction
2014-12-03HouseSession Sine Die
2014-03-28HouseRule 19(a) / Re-referred to Rules Committee
2014-03-11HouseTo Income Tax Subcommittee
2014-03-03HouseAssigned to Revenue & Finance Committee
2014-01-24HouseReferred to Rules Committee
2014-01-24HouseFirst Reading
2014-01-23HouseFiled with the Clerk by Rep. Sue Scherer

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355224New CodeSee Bill Text

Illinois State Sources


Bill Comments

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