Bill Title: Amends the Illinois Income Tax Act. Provides that each business that employs 20 or fewer employees during the taxable year is entitled to a credit in an amount equal to (i) 25% of the qualified first-year wages, not to exceed $6,000, paid to each qualified employee who worked at least 120 hours but less than 400 hours during the taxable year, and (ii) 40% of the qualified first-year wages, not to exceed $6,000, paid to each qualified employee who worked at least 400 hours during the taxable year. Provides that the term "qualified employee" means a person who (i) is a member of a targeted group, as defined under the federal Work Opportunity Tax Credit, and (ii) was employed by the taxpayer for a period of exactly 12 consecutive months at any point during the taxable year. Effective immediately.

Sponsorship: Partisan Bill (Democrat 7)

Status: (Failed) 2014-12-03 - Session Sine Die [HB2827 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2013-02-22	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB2827

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB2827 currently on file.