Bill Title: Amends the Illinois Income Tax Act. Provides that each taxpayer who employs a long-term unemployed person during the taxable year is entitled to an income tax credit of: (1) $500 in the taxable year in which the long-term unemployed person is initially hired by the taxpayer; (2) $750 in the first taxable year after the long-term unemployed person is initially hired by the taxpayer; and (3) $1,250 in the second taxable year after the long-term unemployed person is initially hired by the taxpayer. Provides that the taxpayer may receive a partial credit if the person is employed by the taxpayer for only part of a taxable year. Provides that the credit may be carried forward. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 14-3)

Status: (Failed) 2015-01-13 - Session Sine Die [SB2698 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Engrossed	2014-04-07	HTML/Text	Link	View
Amended	2014-03-31	HTML/Text	Link	View
Introduced	2014-01-28	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB2698

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2698 currently on file.

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