SB 1583

  • Illinois Senate Bill
  • 103rd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • 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 the provision for all taxable years combined. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Bill Sponsors (2)

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Mar 15, 2024

Senate

Rule 3-9(a) / Re-referred to Assignments

Jan 10, 2024

Senate

Re-assigned to Revenue

Senate

Added as Co-Sponsor Sen. Sally J. Turner

Mar 10, 2023

Senate

Rule 3-9(a) / Re-referred to Assignments

Feb 14, 2023

Senate

Assigned to Revenue

Feb 08, 2023

Senate

Filed with Secretary by Sen. Tom Bennett

Senate

Referred to Assignments

Senate

First Reading

Bill Text

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