Bill Title: 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.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2015-03-27 - Rule 19(a) / Re-referred to Rules Committee [HB0345 Detail]

Text: Latest bill text (Introduced) [HTML]

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