Bill Title: Amends the Illinois Income Tax Act. Reinstates the training expense credit for tax years ending on or after December 31, 2012 and on or before December 30, 2022. Increases the amount of the credit from 1.6% of training expenses to 2% of training expenses. Provides that the training expense credit earned on or after December 31, 2012 may be carried forward. Effective immediately.

Spectrum: Partisan Bill (Republican 5-0)

Status: (Failed) 2013-01-08 - Session Sine Die [HB5801 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Wayne Rosenthal [R]	Primary	Sponsored Bills	HD-108	FollowTheMoney	Ballotpedia	VoteSmart
Senator Jason Barickman [R]	Cosponsor	Sponsored Bills	SD-053	FollowTheMoney	Ballotpedia	VoteSmart
Representative Sidney Mathias [R]	Cosponsor	Sponsored Bills	HD-053	FollowTheMoney	Ballotpedia	VoteSmart
Representative Mike Bost [R]	Cosponsor	Sponsored Bills	HD-115	FollowTheMoney	Ballotpedia	VoteSmart
Senator Jil Tracy [R]	Cosponsor	Sponsored Bills	SD-050	FollowTheMoney	Ballotpedia	VoteSmart

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