HB 5959

  • Illinois House Bill
  • 98th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Training Expense Credit

Abstract

Amends the Illinois Income Tax Act. Reinstates the training expense credit for tax years ending on or after December 31, 2014 and on or before December 30, 2024. Increases the amount of the credit from 1.6% of training expenses to 2% of training expenses. Provides that the training expense credit earned on or after December 31, 2014 may be carried forward. Effective immediately.

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Dec 03, 2014

House

Session Sine Die

Feb 14, 2014

House

Filed with the Clerk by Rep. Dwight Kay

House

First Reading

House

Referred to Rules Committee

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