Illinois House Bill 5845 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 10 2010 - 25% progression, died in committee
Action: 2010-02-10 - 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 pilot program for taxable years ending on or after December 31, 2010 and on or before December 31, 2011, granting an income tax credit to employers in an amount equal to 10% of the wages paid by the employer during the taxable year to employees (i) who are newly hired by the employer during the taxable year to work at a location in East St. Louis, Illinois and (ii) who are not younger than 18 years of age and not older than 40 years of age during the taxable year. Requires a report so that the General Assembly may consider whether to extend the credit for further tax years and to other or all areas of the State. Effective immediately.

INC TX-EAST ST LOUIS JOBS CR

Rep. Eddie Jackson [D]

Date	Chamber	Action
2010-02-10		Referred to Rules Committee
2010-02-10		First Reading
2010-02-10		Filed with the Clerk by Rep. Eddie Lee Jackson, Sr.

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5845&GAID=10&DocTypeID=HB&SessionID=76&GA=96
Text	https://www.ilga.gov/legislation/96/HB/09600HB5845.htm