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]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Ram Villivalam [D]	Primary	Sponsored Bills	SD-008	FollowTheMoney	Ballotpedia	VoteSmart
Senator Donald DeWitte [R]	Cosponsor	Sponsored Bills	SD-033	FollowTheMoney	Ballotpedia	VoteSmart
Senator Melinda Bush [D]	Cosponsor	Sponsored Bills	SD-031	FollowTheMoney	Ballotpedia	VoteSmart
Senator Christopher Belt [D]	Cosponsor	Sponsored Bills	SD-057	FollowTheMoney	Ballotpedia	VoteSmart
Senator David Koehler [D]	Cosponsor	Sponsored Bills	SD-046	FollowTheMoney	Ballotpedia	VoteSmart
Senator Jason Barickman [R]	Cosponsor	Sponsored Bills	SD-053	FollowTheMoney	Ballotpedia	VoteSmart

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