Bill Title: Amends the Illinois Income Tax Act. Provides that a taxpayer conducting a trade or business in an enterprise zone or a High Impact Business designated by the Department of Commerce and Economic Opportunity or, for taxable years ending on or after December 31, 2006, in a River Edge Redevelopment Zone conducting a trade or business in a federally designated Foreign Trade Zone or Sub-Zone shall be allowed a credit in the amount of (i) $1,000 per eligible employee hired to work in the zone during taxable years ending after December 31, 2009 and ending on or before December 31, 2012 and (ii) $500 per eligible employee hired to work in the zone during taxable years ending after December 31, 2012 (now $500 per eligible employee in each taxable year). Effective immediately.
Spectrum: Partisan Bill (Democrat 13-0)
Status: (Passed) 2010-07-01 - Public Act . . . . . . . . . 96-0959
[SB3662 Detail]
Bill Drafts
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| Enrolled | Not Avail | HTML/Text | Link | View |
| Engrossed | Not Avail | HTML/Text | Link | View |
| Introduced | Not Avail | HTML/Text | Link | View |
Amendments
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| No bill amendments currently on file for Illinois SB3662 |
Supplemental Documents
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| No supplemental documents for Illinois SB3662 currently on file. |
Social Comments on IL SB3662
