Bill Sponsors: IL HB2827 | 2013-2014 | 98th General Assembly
Bill Title: 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.
Spectrum: Partisan Bill (Democrat 7-0)
Status: (Failed) 2014-12-03 - Session Sine Die [HB2827 Detail]
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 7-0)
Status: (Failed) 2014-12-03 - Session Sine Die [HB2827 Detail]
Text: Latest bill text (Introduced) [HTML]
Sponsors
Name | Type | Sponsorship | District | Financial | Encyclopedia | Biography |
---|---|---|---|---|---|---|
Representative Derrick Smith [D] | Primary | Sponsored Bills | HD-010 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Mary Flowers [D] | Cosponsor | Sponsored Bills | HD-031 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative LaShawn Ford [D] | Cosponsor | Sponsored Bills | HD-008 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Rita Mayfield [D] | Cosponsor | Sponsored Bills | HD-060 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Emanuel Welch [D] | Cosponsor | Sponsored Bills | HD-007 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Marcus Evans [D] | Cosponsor | Sponsored Bills | HD-033 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Kenneth Dunkin [D] | Cosponsor | Sponsored Bills | HD-005 | FollowTheMoney | Ballotpedia | VoteSmart |