Bill Title: Amends the Illinois Income Tax Act. Creates an addition modification for any deduction allowed to the taxpayer under Sections 243 through 246A of the Internal Revenue Code (for certain qualifying dividends paid to corporations). Provides that the additional revenue attributable to that change shall be deposited into the 21st Century Workforce Development Fund. Amends the 21st Century Workforce Development Fund Act. Provides that the 21st Century Workforce Development Fund is not subject to sweeps, administrative charges or chargebacks, or other fiscal or budgetary maneuvers. Effective immediately.

Sponsorship: Partisan Bill (Democrat 3)

Status: (Introduced - Dead) 2015-04-23 - Added Chief Co-Sponsor Rep. Kelly M. Cassidy [HB3745 Detail]

Text: Latest bill text (Introduced) [HTML]

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