HB 227

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Internship Credit

Abstract

Amends 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 taxpayer may claim more than $5,000 in total credits under that Section for all taxable years combined. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Bill Sponsors (7)

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Jun 02, 2020

House

Added Co-Sponsor Rep. Jonathan "Yoni" Pizer

House

Added Co-Sponsor Rep. Sam Yingling

House

Added Co-Sponsor Rep. Curtis J. Tarver, II

Jul 18, 2019

House

Added Co-Sponsor Rep. Kambium Buckner

Jul 15, 2019

House

Added Co-Sponsor Rep. Jawaharial Williams

Apr 04, 2019

House

Added Chief Co-Sponsor Rep. Karina Villa

Mar 29, 2019

House

Rule 19(a) / Re-referred to Rules Committee

Feb 07, 2019

House

To Income Tax Subcommittee

Jan 29, 2019

House

Assigned to Revenue & Finance Committee

Jan 09, 2019

House

Referred to Rules Committee

House

First Reading

Jan 07, 2019

House

Prefiled with Clerk by Rep. Thomas M. Bennett

Bill Text

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Sources

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