Bill Text: IL HB5625 | 2019-2020 | 101st General Assembly | Introduced

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Bill Title: Amends the Illinois Income Tax Act. Provides that an employer that incurs expenses to train a qualifying individual to obtain a commercial driver's license or to operate a commercial motor vehicle may apply to the Department of Revenue for an income tax credit in an amount equal to 50% of those training expenses. Set forth aggregate credit limits and limits the amount of credits available to any particular employer under those provisions.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2020-02-18 - Referred to Rules Committee [HB5625 Detail]

Download: Illinois-2019-HB5625-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 HB5625 Introduced , by Rep. Mike Murphy SYNOPSIS AS INTRODUCED:
35 ILCS 5/232 new
Amends the Illinois Income Tax Act. Provides that an employer that incurs expenses to train a qualifying individual to obtain a commercial driver's license or to operate a commercial motor vehicle may apply to the Department of Revenue for an income tax credit in an amount equal to 50% of those training expenses. Set forth aggregate credit limits and limits the amount of credits available to any particular employer under those provisions.
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FISCAL NOTE ACT MAY APPLY
A BILL FOR
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AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Income Tax Act is amended by adding
Section 232 as follows:
(35 ILCS 5/232 new)
Sec. 232. Training expenses for a commercial driver's
license.
(a) As used in this Section:
"Qualifying individual" means an individual who holds a
valid commercial driver's license or who is eligible to obtain
such a license.
"Training expense" means any cost customarily incurred by
an employer to train a qualifying individual to obtain a
commercial driver's license or to operate a commercial motor
vehicle. An employee's wages are not considered a training
expense.
(b) For taxable years ending on or after December 31, 2020
and ending on or before December 31, 2022, an employer that
incurs training expenses during the taxable year may apply to
the Department for a credit against the tax imposed by
subsections (a) and (b) of Section 201 in an amount equal to
50% of those training expenses. The Department shall certify no

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more than $50,000 in expenses per year for any one employer.
The Department shall certify no more than $3,000,000 in
training expenses for all employers in any year, increased by
the sum of tax credit-eligible expenses the Department was
authorized to certify for preceding years that were not the
basis of a tax credit certificate issued under this Section in
the current year or any preceding year.
(c) For partners, shareholders of subchapter S
corporations, and members of limited liability companies, if
the liability company is treated as a partnership for purposes
of federal and State income taxation, there shall be allowed a
credit under this subsection to be determined in accordance
with the determination of income and distributive share of
income under Sections 702 and 704 and subchapter S of the
Internal Revenue Code.
(d) The credit or credits may not reduce the taxpayer's
liability to less than zero. If the amount of the credit or
credits exceeds the taxpayer's liability, the excess may be
carried forward and applied against the taxpayer's liability in
next 5 succeeding calendar years. The credit or credits shall
be applied to the earliest year for which there is a tax
liability. If there are credits from more than one taxable year
that are available to offset a liability, the earlier credit
shall be applied first.