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 Bill Status of HB0399  100th General Assembly


Short Description:  INC TAX CREDIT INTERNS

House Sponsors
Rep. David B. Reis and Lou Lang

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

Statutes Amended In Order of Appearance
35 ILCS 5/224 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Authorizes a credit to taxpayers for 10% of stipends or salaries paid to qualified college interns. Limits the credit to stipends and salaries paid to 5 interns each year, and limits total credits to $3,000 for all years combined. Defines a "qualified college intern". Provides that the credit may not reduce the taxpayer's liability to less than zero and may not be carried forward or back. Exempt from the Act's sunset provisions. 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 Income Tax Subcommittee
  3/2/2017HouseAdded Co-Sponsor Rep. Lou Lang
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

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