Illinois House Bill 2827 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 7-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Provides that each business that employs 20 or fewer employees during the taxable year is entitled to a credit in an amount equal to (i) 25% of the qualified first-year wages, not to exceed $6,000, paid to each qualified employee who worked at least 120 hours but less than 400 hours during the taxable year, and (ii) 40% of the qualified first-year wages, not to exceed $6,000, paid to each qualified employee who worked at least 400 hours during the taxable year. Provides that the term "qualified employee" means a person who (i) is a member of a targeted group, as defined under the federal Work Opportunity Tax Credit, and (ii) was employed by the taxpayer for a period of exactly 12 consecutive months at any point during the taxable year. Effective immediately.

INC TX-WORK OP CREDIT

Rep. Derrick Smith [D]	Rep. Mary Flowers [D]	Rep. LaShawn Ford [D]	Rep. Rita Mayfield [D]
Rep. Emanuel Welch [D]	Rep. Marcus Evans [D]	Rep. Kenneth Dunkin [D]

Date	Chamber	Action
2014-12-03	House	Session Sine Die
2013-03-22	House	Rule 19(a) / Re-referred to Rules Committee
2013-03-04	House	Assigned to Revenue & Finance Committee
2013-02-26	House	Chief Co-Sponsor Changed to Rep. La Shawn K. Ford
2013-02-26	House	Chief Co-Sponsor Changed to Rep. Mary E. Flowers
2013-02-26	House	Added Chief Co-Sponsor Rep. La Shawn K. Ford
2013-02-26	House	Added Chief Co-Sponsor Rep. Mary E. Flowers
2013-02-26	House	Referred to Rules Committee
2013-02-26	House	First Reading
2013-02-26	House	Added Co-Sponsor Rep. Kenneth Dunkin
2013-02-26	House	Added Co-Sponsor Rep. Marcus C. Evans, Jr.
2013-02-26	House	Added Co-Sponsor Rep. Emanuel Chris Welch
2013-02-26	House	Added Co-Sponsor Rep. Rita Mayfield
2013-02-22	House	Filed with the Clerk by Rep. Derrick Smith

Chapter	Article	Section	Citation Type	Statute Text
35	5	224	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2827&GAID=12&DocTypeID=HB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/HB/09800HB2827.htm