Illinois House Bill 5360 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on February 14 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]

Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who employ individuals working within the engineering sector who graduated from an accredited institution of higher learning with a Bachelor's degree or higher. Provides that the credit shall be equal to 10% of the compensation paid for the first through fifth years of employment in the engineering sector if the qualified employee graduated from an institution located in Illinois or 5% of the compensation paid for the first through fifth years of employment in the engineering sector if the qualified employee graduated from an institution not located in Illinois. Effective immediately.

INC TX-ENGINEERING STUDENTS

Rep. Martin Moylan [D]	Rep. Ryan Spain [R]	Rep. Grant Wehrli [R]	Rep. Jay Hoffman [D]
Rep. Jonathan Pizer [D]

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
2020-03-17	House	Assigned to Revenue & Finance Committee
2020-03-05	House	Added Co-Sponsor Rep. Jay Hoffman
2020-02-27	House	Added Co-Sponsor Rep. Grant Wehrli
2020-02-18	House	Added Co-Sponsor Rep. Ryan Spain
2020-02-18	House	Referred to Rules Committee
2020-02-18	House	First Reading
2020-02-14	House	Filed with the Clerk by Rep. Martin J. Moylan

Chapter	Article	Section	Citation Type	Statute Text
35	5	232	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5360&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB5360.htm