Bills Pending Illinois House Income Tax Committee

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ILHB1479IntroAmends the Illinois Income Tax Act. Provides that an employer may enter into an agreement with a community college in the State to establish a project. Provides that the term "project" means a program established by the community college to provide c...
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2019-03-20
To House Income Tax Committee
ILHB3706IntroAmends the Illinois Income Tax Act. In a Section concerning the angel investment credit, provides that: (1) the Department of Commerce and Economic Opportunity may charge an application fee of $500; (2) increases the maximum credit amount that may be...
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2019-03-19
To House Income Tax Committee
ILHB2193IntroAmends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the amount paid by the taxpayer during the taxable year for the purpose of purchasing acoustical materials, other materials, labor, and professional services to so...
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2019-03-19
To House Income Tax Committee
ILHB0838IntroCreates the Keep Illinois Business Act. Provides that any recipient business that chooses to move all or part of its business operations and the jobs created by its business out-of-State shall be deemed to no longer qualify for State economic develop...
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2019-03-19
To House Income Tax Committee
ILHB2974IntroAmends the Illinois Income Tax Act. Provides that a taxpayer who is a family caregiver is eligible to receive a nonrefundable income tax credit in an amount equal to 100% of the eligible expenditures incurred by the taxpayer during the taxable year r...
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2019-03-18
To House Income Tax Committee
ILHB3456IntroAmends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Requires the Department of Commerce and Economic Opportunity Law to conduct a study to determine where tax credits and incentives are located...
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2019-03-14
To House Income Tax Committee
ILHB3211IntroAmends the Illinois Income Tax Act. Creates a credit in an amount equal to the investment made by the taxpayer during the taxable year in a Qualified Opportunity Fund. Provides that no such credit may be taken for any taxable year that begins prior t...
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2019-03-14
To House Income Tax Committee
ILHB3373IntroProvides that the Act may be referred to as the Blue Collar Jobs Act. Amends the Illinois Enterprise Zone Act. Creates a High Impact Business construction jobs credit and an Enterprise Zone construction jobs credit against the taxpayer's Illinois inc...
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2019-03-14
To House Income Tax Committee
ILHB3627IntroAmends the State Revenue Sharing Act. Provides that, in fiscal year 2020, each school district having Personal Property Tax Replacement Fund receipts totaling 13% or more of its total revenues in fiscal year 2018 shall receive an additional amount eq...
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2019-03-14
To House Income Tax Committee
ILHB3571IntroAmends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 1% of the expenses claimed by the taxpayer as a federal income tax deduction pursuant to Section 179 of the Internal Revenue Code for the tax year. Provides that t...
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2019-03-14
To House Income Tax Committee
ILHB3478IntroAmends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department shall create a statewide business retention and expansion program and provide technical assistance to program pa...
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2019-03-14
To House Income Tax Committee
ILHB3389IntroAmends the Illinois Income Tax Act. Repeals a Section concerning a credit for coal research and utilization equipment, which sunset on January 1, 2005.
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2019-03-14
To House Income Tax Committee
ILHB3062IntroAmends the Illinois Income Tax Act. Creates an income tax deduction for an amount of up to $50,000 per tax year contributed to a small business asset purchase account and all interest earned on such accounts during the tax year. Provides that a "smal...
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2019-03-14
To House Income Tax Committee
ILHB3365IntroAmends the Economic Development for a Growing Economy Tax Credit Act. Removes provisions concerning conditions that the Business Investment Committee shall determine exist in order for the Committee to make its recommendation that an Applicant's appl...
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2019-03-14
To House Income Tax Committee
ILHB3275IntroAmends the Illinois Income Tax Act. Provides that a taxpayer is entitled to an income tax credit for each person who is (i) 55 years of age or older during the taxable year and (ii) employed by the taxpayer at a location in this State for not less th...
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2019-03-14
To House Income Tax Committee
ILHB2673IntroAmends the Illinois Lottery Law. Requires the Department of the Lottery to offer a special instant scratch-off game with the title of "The End of Alzheimer's Begins With Me". Requires the net revenue from that game to be deposited into the Alzheimer'...
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2019-03-14
To House Income Tax Committee
ILHB3332IntroAmends the Illinois Income Tax Act. Creates a credit for taxpayers who (i) own residential rental property in the State and (ii) enter into or renew a lease agreement with a qualified renter during the taxable year. Provides that the credit shall be ...
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2019-03-14
To House Income Tax Committee
ILHB3252IntroAmends the Illinois Income Tax Act. Provides that the credit for student-assistance contributions sunsets on December 31, 2030 (currently, December 30, 2020). Effective immediately.
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2019-03-14
To House Income Tax Committee
ILHB3703IntroAmends the Illinois Grant Funds Recovery Act. Modifies the term "grant funds" to allow funds disbursed by the State Comptroller under an appropriation made by the General Assembly to a named entity or person to be considered as grant funds for purpos...
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2019-03-14
To House Income Tax Committee
ILHB3094IntroAmends the Illinois Income Tax Act. Creates a credit for taxpayers who make a payment toward principal or interest on a qualified education loan, as defined in Section 221 of the Internal Revenue Code, during the taxable year. Provides that the credi...
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2019-03-14
To House Income Tax Committee
ILHB3250IntroAmends the Illinois Income Tax Act. Creates an income tax checkoff for contributions to a qualified veterans home fund. Provides that "qualified veterans home fund" means any of the following: (i) the LaSalle Veterans Home Fund; (ii) the Anna Veteran...
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2019-03-14
To House Income Tax Committee
ILHB3491IntroAmends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that each corporation receiving incentives from the Department of Commerce and Economic Opportunity shall file a disclosure report w...
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2019-03-14
To House Income Tax Committee
ILHB3075IntroAmends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2019 and beginning prior to January 1, 2025, the rates of tax shall be (i) 3.75% for individuals, trusts, and estates and (ii) 5.25% for corporation...
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2019-03-14
To House Income Tax Committee
ILHB3570IntroCreates the Industrial New Jobs Training Act. Provides that community college may enter into an agreement with an employer in which the employer provides certain education and job-training services. Provides that the program shall be funded by: (1) a...
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2019-03-14
To House Income Tax Committee
ILHB3234IntroAmends the Illinois Income Tax Act. Creates a credit for financial institutions with less than $50,000,000,000 in assets in an amount equal to the aggregate amount of all fees, penalties, and any other income derived during the taxable year from each...
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2019-03-14
To House Income Tax Committee
ILHB3098IntroAmends the Illinois Income Tax Act. Creates a deduction for individuals, trusts, and estates for certain qualified student loan payments made during the taxable year. Provides that the deduction is excluded from the Act's automatic sunset provisions....
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2019-03-14
To House Income Tax Committee
ILHB3633IntroAmends the Illinois Income Tax Act. Provides that, for purposes of being liable for income tax, compensation is paid in this State if some of the individual's service is performed within this State, the individual's service performed within this Stat...
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2019-03-14
To House Income Tax Committee
ILHB3613IntroAmends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 10% of the salary or stipend paid to a qualified intern during the taxable year. Provides that, if the qualified intern is hired by the taxpayer on a full-time bas...
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2019-03-14
To House Income Tax Committee
ILHB3433IntroAmends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department shall establish and implement a Veterans' Economic Center pilot program for the purposes of assisting veterans i...
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2019-03-14
To House Income Tax Committee
ILHB3413IntroAmends the Higher Education Student Assistance Act. Creates the Illinois Teacher Loan Repayment Fund. Provides that moneys in the Fund shall be used by the Illinois Student Assistance Commission for the purpose of making grants under the Illinois Tea...
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2019-03-14
To House Income Tax Committee
ILHB3563IntroCreates the Green Energy Business Act. Authorizes the Department of Commerce and Economic Opportunity to receive and approve the applications of qualified businesses seeking designation as Green Energy Businesses. Amends the Illinois Income Tax Act, ...
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2019-03-14
To House Income Tax Committee
ILHB3118IntroAmends the Illinois Income Tax Act. Provides for a credit against the withholding tax liability of an employer with fewer than 15 full-time employees in an amount equal to $2,000 for each employee who is moved from part-time to full-time employment s...
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2019-03-14
To House Income Tax Committee
ILHB3319IntroAmends the Economic Development for a Growing Economy Tax Credit Act. Provides that the recipient of a credit under the Act may apply for a certificate of transferability of credit from the Department of Commerce and Economic Opportunity for the amou...
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2019-03-14
To House Income Tax Committee
ILHB3318IntroAmends the Illinois Income Tax Act. Provides for a credit in an amount equal to 25% of the taxpayer's equity investment in a qualified new business venture, including investments made through a certified fund manager. Sets forth limitations on the cr...
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2019-03-14
To House Income Tax Committee
ILHB3120IntroCreates the Employee Targeted Tax Credit Act. Provides provisions regarding: powers of the Department of Employment Security; a pilot program; a certificate of eligibility for tax credit; the tax credit, which shall not be less than $10,000 and shall...
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2019-03-14
To House Income Tax Committee
ILHB3407IntroAmends the Illinois Income Tax Act. Provides that a taxpayer who has incurred at least $20,000 in undergraduate student loan debt and has at least $5,000 in outstanding undergraduate student loan debt at the time of the application is entitled to a c...
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2019-03-14
To House Income Tax Committee
ILHB3608IntroAmends the Illinois Income Tax Act. Increases the amount of tax due that requires the payment of estimated taxes to $1,000 (currently $500). Effective immediately.
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2019-03-14
To House Income Tax Committee
ILHB3460IntroAmends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who make a qualified donation of a crop to a food bank or other charitable organization in Illinois. Provides that the amount of the credit shall be 15% of the value of th...
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2019-03-14
To House Income Tax Committee
ILHB2128IntroAmends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who replace a lead water service pipe with a copper water service pipe at a qualified residence. Provides that the credit shall be equal to the lesser of (i) 25% of the co...
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2019-03-12
To House Income Tax Committee
ILHR0032IntroStates the belief that the Illinois Income Tax Act should not be amended to permit taxing retirement income.
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2019-03-11
To House Income Tax Committee
ILHB2155IntroAmends the Illinois Income Tax Act. Provides that the credit for student assistance contributions sunsets on December 30, 2025 (instead of December 30, 2020). Provides that the credit for student-assistance contributions may not exceed $1,000 (curren...
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2019-03-08
To House Income Tax Committee
ILHB0875IntroAmends the State Finance Act. Creates the Financially Distressed Cities Fund. Amends the State Revenue Sharing Act and the Illinois Income Tax Act. Provides that the Treasurer shall monthly transfer to the Financially Distressed Cities Fund an amount...
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2019-03-07
To House Income Tax Committee
ILHB3050IntroAmends the Illinois Income Tax Act. Provides that each taxpayer who owns rental property in the State is entitled to an income tax credit if the taxpayer (i) rents the property to a low-income household during the taxable year and (ii) charges rent t...
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2019-03-06
To House Income Tax Committee
ILHB2085IntroAmends the Illinois Income Tax Act. Provides for a water's edge apportionment election for certain members of a unitary business group. Provides that, with respect to foreign corporations that make a water's edge election, the deduction for dividends...
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2019-03-06
To House Income Tax Committee
ILHB2900IntroAmends the Illinois Income Tax Act if and only if Senate Bill 1 of the 101st General Assembly becomes law. Provides that a withholding tax credit for full-time equivalent employees created in Senate Bill 1 applies for reporting periods that begin on ...
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2019-03-06
To House Income Tax Committee
ILHB3025IntroCreates the School Building Rehabilitation Tax Credit Act. Creates an income tax credit equal to 25% of the qualified expenditures incurred by a qualified taxpayer undertaking a qualified rehabilitation plan of a vacant school building. Provides that...
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2019-03-06
To House Income Tax Committee
ILHB2959IntroAmends the Illinois Income Tax Act. Creates an income tax credit for each taxpayer (i) whose federal adjusted gross income is less than 185% of the federal poverty level and (ii) who is the custodian of a child who attends a high quality early childh...
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2019-03-06
To House Income Tax Committee
ILHB2753IntroAmends the Illinois Income Tax Act. Increases the maximum amount of the education expense credit to $1,500 (currently, $500). Adds athletic fees, driver's education fees, and fees and costs associated with certain out-of-school activities to the list...
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2019-03-06
To House Income Tax Committee
ILHB2869IntroAmends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2020, the earned income tax credit shall be 36% (currently, 18%) of the federal tax credit.
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2019-03-06
To House Income Tax Committee
ILHB3012IntroAmends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the contributions made by the taxpayer to the Illinois Education Excellence Fund during the taxable year. Amends the State Finance Act. Creates the Illinois Educat...
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2019-03-06
To House Income Tax Committee
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