IL HB4492 | 2019-2020 | 101st General Assembly
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 4 2020 - 25% progression, died in committee
Action: 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 4 2020 - 25% progression, died in committee
Action: 2020-06-23 - Rule 19(b) / 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 against withholding tax payments for employers with 250 or fewer full-time equivalent employees in an amount equal to a percentage of the compensation paid to qualified employees who received a raise from the employer.
Title
INC TX-WITHHOLDING CREDIT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-06-23 | House | Rule 19(b) / Re-referred to Rules Committee |
| 2020-05-21 | House | Added Co-Sponsor Rep. Jonathan "Yoni" Pizer |
| 2020-02-27 | House | To Income Tax Subcommittee |
| 2020-02-18 | House | Assigned to Revenue & Finance Committee |
| 2020-02-04 | House | Referred to Rules Committee |
| 2020-02-04 | House | First Reading |
| 2020-02-04 | House | Filed with the Clerk by Rep. Maurice A. West, II |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 704A | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4492&GAID=15&DocTypeID=HB&SessionID=108&GA=101 |
| Text | https://www.ilga.gov/legislation/101/HB/10100HB4492.htm |
