David B. Reis
- Republican
Primary
Amends 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. Limits each taxpayer's credit to $3,000 for all years combined. Defines "qualified college intern". Provides that the credit may not reduce the taxpayer's liability to less than zero and may not be carried forward or back. Provides that the credit is exempt from the Act's sunset provisions. Effective immediately.
No votes to display
Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Lou Lang
To Income Tax Subcommittee
Assigned to Revenue & Finance Committee
Filed with the Clerk by Rep. David B. Reis
Referred to Rules Committee
First Reading
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