Bill Texts: IL HB0399 | 2017-2018 | 100th General Assembly

Bill Title: Amends the Illinois Income Tax Act. Authorizes a credit to taxpayers for 10% of stipends or salaries paid to qualified college interns. Limits the credit to stipends and salaries paid to 5 interns each year, and limits total credits to $3,000 for all years combined. Defines a "qualified college intern". Provides that the credit may not reduce the taxpayer's liability to less than zero and may not be carried forward or back. Exempt from the Act's sunset provisions. Effective immediately.

Spectrum: Bipartisan Bill

Status: (Failed) 2019-01-08 - Session Sine Die [HB0399 Detail]

Bill Drafts

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Introduced2017-01-12HTML/TextLinkView

Amendments

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No bill amendments currently on file for Illinois HB0399

Supplemental Documents

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No supplemental documents for Illinois HB0399 currently on file.

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