IL HB0345 | 2015-2016 | 99th General Assembly
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 28 2015 - 25% progression, died in committee
Action: 2015-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 28 2015 - 25% progression, died in committee
Action: 2015-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Reinstates the training expense credit for tax years ending on or after December 31, 2015 and prior to December 31, 2025. 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, 2015 may be carried forward. Effective immediately.
Title
INC TX-TRAINING EXPENSE
Sponsors
| Rep. David Reis [R] | Rep. Dwight Kay [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-03-27 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2015-02-20 | House | To Income Tax Subcommittee |
| 2015-02-13 | House | Assigned to Revenue & Finance Committee |
| 2015-02-06 | House | Added Chief Co-Sponsor Rep. Dwight Kay |
| 2015-01-28 | House | Referred to Rules Committee |
| 2015-01-28 | House | First Reading |
| 2015-01-28 | House | Filed with the Clerk by Rep. David B. Reis |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 201 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=345&GAID=13&DocTypeID=HB&SessionID=88&GA=99 |
| Text | https://www.ilga.gov/legislation/99/HB/09900HB0345.htm |
