Bill Texts: IL SB3874 | 2019-2020 | 101st General Assembly

Bill Title: Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who employ individuals working within the engineering sector who graduated from an accredited institution of higher learning with a Bachelor's degree or higher. Provides that the credit shall be equal to 10% of the compensation paid for the first through fifth years of employment in the engineering sector if the qualified employee graduated from an institution located in Illinois or 5% of the compensation paid for the first through fifth years of employment in the engineering sector if the qualified employee graduated from an institution not located in Illinois. Effective immediately.

Spectrum: Slight Partisan Bill (Democrat 4-2)

Status: (Failed) 2021-01-13 - Session Sine Die [SB3874 Detail]

Bill Drafts

RevisionDateFormatSourceView
Introduced2020-02-14HTML/TextLinkView

Amendments

AmendmentDateDispositionFormatSourceView
Senate Amendment 0012020-05-27ProposedHTML/TextLinkView

Supplemental Documents

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No supplemental documents for Illinois SB3874 currently on file.

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