Bill Texts: IL HB5757 | 2017-2018 | 100th General Assembly
Bill Title: Amends the Illinois Income Tax Act. Creates an income tax credit for an Illinois business that increases its average full-time employee head count in the State for the taxable year by more than 20% over its average full-time employee head count in the State for the immediately preceding taxable year. Provides that the amount of the credit is 20% of its tax liability under this Act (other than its withholding tax liability) for the taxable year. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.
Spectrum: Partisan Bill (Democrat 10-0)
Status: (Failed) 2019-01-08 - Session Sine Die [HB5757 Detail]
Spectrum: Partisan Bill (Democrat 10-0)
Status: (Failed) 2019-01-08 - Session Sine Die [HB5757 Detail]
Bill Drafts
Revision | Date | Format | Source | View |
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Introduced | 2018-02-16 | HTML/Text | Link | View |
Amendments
Amendment | Date | Disposition | Format | Source | View |
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No bill amendments currently on file for Illinois HB5757 |
Supplemental Documents
Title | Description | Date | Format | Source | View |
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No supplemental documents for Illinois HB5757 currently on file. |