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 Bill Status of HB0400  100th General Assembly


Short Description:  INC TX-TRAINING EXPENSE

House Sponsors
Rep. David B. Reis

Last Action
DateChamber Action
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/201from Ch. 120, par. 2-201


Synopsis As Introduced
Amends the Illinois Income Tax Act. Reinstates the training expense credit for tax years ending on or after December 31, 2017 and prior to December 31, 2027. 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, 2017 may be carried forward. Effective immediately.

Actions 
DateChamber Action
  1/12/2017HouseFiled with the Clerk by Rep. David B. Reis
  1/12/2017HouseFirst Reading
  1/12/2017HouseReferred to Rules Committee
  1/25/2017HouseAssigned to Revenue & Finance Committee
  2/24/2017HouseTo Growth, Reform & Fairness Subcommittee
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

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