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]

Text: Latest bill text (Engrossed) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Jennifer Bertino-Tarrant [D]	Primary	Sponsored Bills	SD-049	FollowTheMoney	Ballotpedia	VoteSmart
Senator Mike Jacobs [D]	Cosponsor	Sponsored Bills	SD-036	FollowTheMoney	Ballotpedia	VoteSmart
Senator Michael Hastings [D]	Cosponsor	Sponsored Bills	SD-019	FollowTheMoney	Ballotpedia	VoteSmart
Senator Jacqueline Collins [D]	Cosponsor	Sponsored Bills	SD-016	FollowTheMoney	Ballotpedia	VoteSmart
Senator Steve Stadelman [D]	Cosponsor	Sponsored Bills	SD-034	FollowTheMoney	Ballotpedia	VoteSmart
Senator Steven Landek [D]	Cosponsor	Sponsored Bills	SD-012	FollowTheMoney	Ballotpedia	VoteSmart
Senator James Clayborne [D]	Cosponsor	Sponsored Bills	SD-057	FollowTheMoney	Ballotpedia	VoteSmart
Senator Kimberly Lightford [D]	Cosponsor	Sponsored Bills	SD-004	FollowTheMoney	Ballotpedia	VoteSmart
Senator Patricia Van Pelt [D]	Cosponsor	Sponsored Bills	SD-005	FollowTheMoney	Ballotpedia	VoteSmart
Senator Chapin Rose [R]	Cosponsor	Sponsored Bills	SD-051	FollowTheMoney	Ballotpedia	VoteSmart
Senator Michael Connelly [R]	Cosponsor	Sponsored Bills	SD-021	FollowTheMoney	Ballotpedia	VoteSmart
Senator Julie Morrison [D]	Cosponsor	Sponsored Bills	SD-029	FollowTheMoney	Ballotpedia	VoteSmart
Representative Lawrence Walsh [D]	Primary	Sponsored Bills	HD-086	FollowTheMoney	Ballotpedia	VoteSmart
Representative Natalie Manley [D]	Cosponsor	Sponsored Bills	HD-098	FollowTheMoney	Ballotpedia	VoteSmart
Representative Tom Cross [R]	Cosponsor	Sponsored Bills	HD-097	FollowTheMoney	Ballotpedia	VoteSmart
Representative Patrick Verschoore [D]	Cosponsor	Sponsored Bills	HD-072	FollowTheMoney	Ballotpedia	VoteSmart
Representative Jerry Costello [D]	Cosponsor	Sponsored Bills	HD-116	FollowTheMoney	Ballotpedia	VoteSmart

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