Bill Text: IL HB5133 | 2017-2018 | 100th General Assembly | Introduced
Bill Title: Amends the Illinois Income Tax Act. Creates an income tax credit for qualified education expenses incurred by employers on behalf of qualifying apprentices.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Failed) 2019-01-08 - Session Sine Die [HB5133 Detail]
Download: Illinois-2017-HB5133-Introduced.html
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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Income Tax Act is amended by adding | ||||||||||||||||||||||||
5 | Section 227 as follows:
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6 | (35 ILCS 5/227 new) | ||||||||||||||||||||||||
7 | Sec. 227. Apprenticeship education expense credit. | ||||||||||||||||||||||||
8 | (a) For tax years ending on or after December 31, 2018, a | ||||||||||||||||||||||||
9 | taxpayer who is the employer of one or more qualifying | ||||||||||||||||||||||||
10 | apprentices shall be allowed a credit against the tax imposed | ||||||||||||||||||||||||
11 | by subsections (a) and (b) of Section 201 for qualified | ||||||||||||||||||||||||
12 | education expenses incurred on behalf of a qualifying | ||||||||||||||||||||||||
13 | apprentice. The credit shall be equal to 100% of qualified | ||||||||||||||||||||||||
14 | education expenses, but in no event may the total credit amount | ||||||||||||||||||||||||
15 | awarded to a single employer in a single taxable year exceed | ||||||||||||||||||||||||
16 | $3,500. In no event shall a credit under this Section reduce | ||||||||||||||||||||||||
17 | the taxpayer's liability under this Act to less than zero. | ||||||||||||||||||||||||
18 | (b) This Section is exempt from the provisions of Section | ||||||||||||||||||||||||
19 | 250 of this Act. | ||||||||||||||||||||||||
20 | (c) For purposes of this Section: | ||||||||||||||||||||||||
21 | "Qualifying apprentices" means individuals who (i) are | ||||||||||||||||||||||||
22 | residents of the State of Illinois, (ii) are between the ages | ||||||||||||||||||||||||
23 | of 16 and 30 years old at the close of the school year for which |
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1 | a credit is sought, and (iii) during the school year for which | ||||||
2 | a credit is sought were full-time apprentices enrolled in an | ||||||
3 | apprenticeship program which is registered with the United | ||||||
4 | States Department of Labor, Office of Apprenticeship. | ||||||
5 | "Qualified education expense" means the amount incurred on | ||||||
6 | behalf of a qualifying apprentice not to exceed $3,500 for | ||||||
7 | tuition, book fees, and lab fees at the school or community | ||||||
8 | college in which the apprentice is enrolled during the regular | ||||||
9 | school year. | ||||||
10 | "School" means any public or nonpublic secondary school in | ||||||
11 | Illinois, or any community college, that is in compliance with | ||||||
12 | Title VI of the Civil Rights Act of 1964, except that, with | ||||||
13 | respect to community college students, no credit may be granted | ||||||
14 | under this Section for a student who is not enrolled in an | ||||||
15 | approved apprenticeship program. | ||||||
16 | "Employer" means an Illinois taxpayer who is the employer | ||||||
17 | of the qualifying apprentice.
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