Illinois Code | Chapter 35 Article 5 Section 704A

Type

Status

State	Bill	Status	Summary/Title	Last Action
IL	HB4413	Intro 25%	Amends the Illinois Income Tax Act. Creates a credit against withholding taxes for each employer in the City of Chicago who (i) employs a covered employee at a job location in the City of Chicago in an occupation in which gratuities have customarily ... [Detail][Text][Discuss]	2024-04-05 To House Rules Committee
IL	SB2204	Intro 25%	Amends the Illinois Income Tax Act. Provides that the maximum withholding tax credit for full-time equivalent employees is determined by the metropolitan and nonmetropolitan area of the State that is the base of operations of the employee, as those a... [Detail][Text][Discuss]	2024-03-15 To Senate Assignments Committee
IL	SB1832	Intro 25%	Amends the Illinois Income Tax Act. Provides that the research and development credit applies for taxable years ending prior to January 1, 2037 (currently, January 1, 2027). Provides that, in the case of qualifying quantum information science expendi... [Detail][Text][Discuss]	2023-05-10 To Senate Assignments Committee
IL	SB2316	Intro 25%	Amends the Illinois Income Tax Act. Creates an income tax credit for any taxpayers that hire a new employee for a position as a driver for which a commercial driver's license is required and any individual taxpayers who are employed as a driver in a ... [Detail][Text][Discuss]	2023-03-21 To Senate Assignments Committee
IL	HB1578	Intro 25%	Amends the Illinois Income Tax Act. Provides that the research and development credit applies for taxable years ending prior to January 1, 2037 (currently, January 1, 2027). Provides that, in the case of qualifying quantum information science expendi... [Detail][Text][Discuss]	2023-03-10 To House Rules Committee
IL	HB3473	Intro 25%	Amends the Illinois Income Tax Act. Provides that a credit against withholding taxes in an amount equal to the amount withheld with respect to wages paid by a private employer while the employee is on organ donation leave may not exceed $20,833.33 (r... [Detail][Text][Discuss]	2023-02-17 To House Rules Committee
IL	HB3806	Intro 25%	Amends the Illinois Income Tax Act. Provides that an employer with 250 or fewer full-time equivalent employees during the reporting period may claim a credit against the withholding payments for each qualified employee. Provides that a qualified empl... [Detail][Text][Discuss]	2023-02-17 To House Rules Committee
IL	SB1904	Intro 25%	Creates the Job Creation Zone Pilot Program Act. Sets forth the boundaries of the job creation zone. Provides that applicants that pledge to hire at least 5 new employees at a designated location within the job creation zone are eligible for credits ... [Detail][Text][Discuss]	2023-02-09 To Senate Assignments Committee