Illinois Code | Chapter 35Article 5Section 224

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ILSB1435IntroAmends 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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2018-04-27
To Senate Assignments Committee
ILSB0668IntroCreates the Opportunity Scholarship Act and amends the State Finance Act and the Illinois Income Tax Act. Establishes the Opportunity Scholarship Program. Provides that under the program the custodian of a qualifying pupil is entitled to a Opportunit...
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2018-04-13
To Senate Assignments Committee
ILHB3556IntroCreates the Transforming, Helping, and Reviving Illinois' Versatile Economy (THRIVE) Job Creation Tax Credit Act. Provides that the Department of Commerce and Economic Opportunity shall award an income tax credit to taxpayers that meet certain criter...
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2017-05-25
To House Rules Committee
ILSB1766IntroCreates the Business and Employment Development Tax Credit Act. Provides that the Department of Commerce and Economic Opportunity may certify a business as eligible for an income tax credit under the Act and may award credits to certified businesses....
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2017-05-05
To Senate Assignments Committee
ILSB2075IntroAmends the Illinois Income Tax Act. Creates a child tax credit in an amount equal to 20% of the federal tax credit allowed under Section 24 of the federal Internal Revenue Code. Effective immediately.
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2017-05-05
To Senate Assignments Committee
ILSB2071IntroCreates the Transforming, Helping, and Reviving Illinois' Versatile Economy (THRIVE) Job Creation Tax Credit Act. Provides that the Department of Commerce and Economic Opportunity shall award an income tax credit to taxpayers that meet certain criter...
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2017-05-05
To Senate Assignments Committee
ILSB2080IntroCreates the Illinois Rehabilitation and Revitalization Tax Credit Act. Creates a credit against taxes imposed under the Illinois Income Tax Act and the Illinois Insurance Code in an aggregate amount equal to 20% of qualified expenditures incurred by ...
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2017-05-05
To Senate Assignments Committee
ILHB2468IntroCreates the Illinois State Property Revitalization Tax Credit Act. Creates a credit against taxes imposed under the Illinois Income Tax Act and the Illinois Insurance Code in an amount equal to 30% of qualified expenditures incurred by a qualified ta...
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2017-04-28
To House Rules Committee
ILHB2832IntroCreates the Interactive Digital Media Tax Credit Act. Entitles interactive digital media companies that meet certain requirements to an income tax credit in the amount of 30% of certain expenses incurred by the applicant for an accredited production ...
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2017-04-21
To House Rules Committee
ILHB0390IntroAmends the Illinois Income Tax Act. Creates a credit in an amount equal to 10% of the stipend or salary paid by the taxpayer to up to (i) 5 qualified college interns or (ii) 5 qualified high school interns during the taxable year. Provides that no ta...
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2017-03-31
To House Rules Committee
ILHB0399IntroAmends the Illinois Income Tax Act. Authorizes a credit to taxpayers for 10% of stipends or salaries paid to qualified college interns. Limits the credit to stipends and salaries paid to 5 interns each year, and limits total credits to $3,000 for all...
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2017-03-31
To House Rules Committee
ILHB0464IntroAmends the Illinois Income Tax Act. Authorizes a credit to individual taxpayers who are residents of Illinois for expenditures made by the taxpayer during the taxable year for qualified college tuition expenses paid for the taxpayer or a dependent of...
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2017-03-31
To House Rules Committee
ILHB0654IntroAmends the Illinois Income Tax Act. Provides that each employer that enters into a profit-sharing agreement with its employees is entitled to a credit in an amount equal to 25% of the distributions made to the employee during the taxable year under t...
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2017-03-31
To House Rules Committee
ILHB2632IntroAmends the Illinois Income Tax Act. Provides a credit for the head of a single parent household that operates a business from his or her residential property for each dependent under the age of 18 living in that household. Defines terms. Effective im...
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2017-03-31
To House Rules Committee
ILHB2852IntroAmends the Illinois Income Tax Act. Creates a credit for each taxpayer who is an agricultural asset owner who leases that agricultural asset to a beginning farmer. Provides that, if the lease is on a cash basis, the tax credit shall be shall be 7% of...
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2017-03-31
To House Rules Committee
ILHB3096IntroAmends the Illinois Income Tax Act. Creates the Lincoln-Douglas Historic Tax Credit. Provides that a taxpayer is entitled to a credit of up to 25% of the qualified expenditures incurred by the taxpayer for a qualified rehabilitation of a historic str...
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2017-03-31
To House Rules Committee
ILHB2745IntroAmends the Illinois Income Tax Act. Reinstates the research and development credit for tax years ending on or after January 1, 2017, and provides that the credit applies on a permanent basis. Provides that the credit may be carried forward for a peri...
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2017-03-31
To House Rules Committee
ILHB2744IntroCreates the Business and Employment Development Tax Credit Act. Provides that the Department of Commerce and Economic Opportunity may certify a business as eligible for an income tax credit under the Act and may award credits to certified businesses....
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2017-03-31
To House Rules Committee
ILHB3160IntroAmends the Property Tax Code. Provides that, for taxing districts in counties with more than 700,000 inhabitants but fewer than 710,000 inhabitants, the limiting rate under the Property Tax Extension Limitation Law shall be the lesser of (i) the limi...
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2017-03-31
To House Rules Committee
ILHB3109IntroAmends the Illinois Income Tax Act. Creates an income tax credit for qualified education expenses incurred by employers on behalf of qualifying apprentices.
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2017-03-31
To House Rules Committee
ILHB3250IntroAmends the Illinois Income Tax Act. Provides that each individual taxpayer is entitled to a credit in an amount equal to any adoption fees paid by the taxpayer during the taxable year in connection with the adoption of a cat or dog from a county anim...
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2017-03-31
To House Rules Committee
ILHB3413IntroAmends the Illinois Income Tax Act. Creates a credit for qualifying taxpayers who own and operate a business in an area with low long-term manufacturing job projections in the amount of $3,500 for each employee hired by the taxpayer on or after Janua...
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2017-03-31
To House Rules Committee
ILHB3249IntroAmends 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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2017-03-31
To House Rules Committee
ILHB3300IntroAmends the Illinois Income Tax Act. Provides that each taxpayer who makes a contribution to an area vocational center established under the School Code is entitled to a credit in an amount equal to 50% of the amount of the donation. Effective immedia...
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2017-03-31
To House Rules Committee
ILHB3301IntroAmends 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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2017-03-31
To House Rules Committee
ILHB3290IntroAmends the Illinois Income Tax Act. Creates a credit for wages paid pursuant to a qualified apprenticeship program. Provides that a "qualified apprenticeship program" means an apprenticeship program in manufacturing, plastics, or construction trades ...
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2017-03-31
To House Rules Committee
ILHB3618IntroAmends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 100% of the expenses incurred by the taxpayer during the taxable year related to the development of technology used to facilitate electronic communications between...
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2017-03-31
To House Rules Committee
ILHB3612IntroAmends the Illinois Income Tax Act. Provides that each business that (i) is primarily engaged in manufacturing and (ii) hires and retains employees to work at a facility in a high-crime area, as defined by the Department of Commerce and Economic Oppo...
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2017-03-31
To House Rules Committee
ILHB3672IntroAmends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to $4 multiplied by the tons of qualified coal refuse used to generate electricity at an eligible facility in this State in the previous taxable year.
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2017-03-31
To House Rules Committee
ILHB3661IntroAmends the Illinois Income Tax Act. Creates a credit each individual taxpayer employed as a teacher during the taxable year in an amount equal to the lesser of $100 or the total amount expended by the taxpayer for classroom supplies during the taxabl...
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2017-03-31
To House Rules Committee
ILSB0606IntroCreates the Illinois Rehabilitation and Revitalization Tax Credit Act. Creates a credit against taxes imposed under the Illinois Income Tax Act and the Illinois Insurance Code in an aggregate amount equal to 20% of qualified expenditures incurred by ...
[Detail][Text][Discuss]
2017-03-17
To Senate Assignments Committee
ILSB1764IntroAmends the Illinois Income Tax Act. Creates an income tax credit for qualified education expenses incurred by employers on behalf of qualifying apprentices.
[Detail][Text][Discuss]
2017-03-17
To Senate Assignments Committee
ILSB1436IntroAmends the Illinois Income Tax Act. Creates a credit in an amount equal to the amount of personal interest paid by an individual taxpayer during the taxable year. Provides that the term "personal interest" means interest paid on personal and consumer...
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2017-02-09
To Senate Assignments Committee
ILSB1669IntroAmends the Illinois Income Tax Act. Reinstates the research and development credit for tax years ending on or after January 1, 2017, and provides that the credit applies on a permanent basis. Provides that the credit may be carried forward for a peri...
[Detail][Text][Discuss]
2017-02-09
To Senate Assignments Committee
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