96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB1554

 

Introduced 2/18/2009, by Sen. John J. Millner

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 5/218 new

    Amends the Illinois Income Tax Act. Creates a credit in an amount equal to all amounts paid by the taxpayer on behalf of the taxpayer's employees for the purpose of learning a second language. Provides that the credit is exempt from the Act's sunset provisions. Effective immediately.


LRB096 10886 HLH 21123 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB1554 LRB096 10886 HLH 21123 b

1     AN ACT concerning revenue.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Illinois Income Tax Act is amended by adding
5 Section 218 as follows:
 
6     (35 ILCS 5/218 new)
7     Sec. 218. Language training credit.
8     (a) For taxable years ending on or after December 31, 2009,
9 each taxpayer is allowed a credit against the tax imposed by
10 subsections (a) and (b) of Section 201 in an amount equal to
11 all amounts paid by the taxpayer on behalf of the taxpayer's
12 employees for the purpose of learning a second language,
13 including, but not limited to, English as a second language.
14 For partners, shareholders of subchapter S corporations, and
15 owners of limited liability companies, if the liability company
16 is treated as a partnership for purposes of federal and State
17 income taxation, there shall be allowed a credit under this
18 subsection (j) to be determined in accordance with the
19 determination of income and distributive share of income under
20 Sections 702 and 704 and subchapter S of the Internal Revenue
21 Code.
22     (b) Any credit allowed under this subsection which is
23 unused in the year the credit is earned may be carried forward

 

 

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1 to each of the 5 taxable years following the year for which the
2 credit is first computed until it is used. This credit shall be
3 applied first to the earliest year for which there is a
4 liability. If there is a credit under this subsection from more
5 than one tax year that is available to offset a liability the
6 earliest credit arising under this subsection shall be applied
7 first.
8     (c) This Section is exempt from the provisions of Section
9 250.
 
10     Section 99. Effective date. This Act takes effect upon
11 becoming law.