Illinois General Assembly - Bill Status for HB4129
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 Bill Status of HB4129  100th General Assembly


Short Description:  INC TX-TRAINING-JOBS CREDIT

House Sponsors
Rep. Litesa E. Wallace - Lawrence Walsh, Jr., Martin J. Moylan, William Davis, Deb Conroy, Kathleen Willis and Brandon W. Phelps

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

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


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that each business that enters into an agreement with a community college or area vocational center for employee training is entitled to an income tax credit for taxable years beginning during the term of the agreement if the taxpayer's average employee head count in the State during the taxable year exceeds its average employee head count in the State for the year immediately preceding the year in which the agreement was entered into by more than 10%. Provides that the credit shall be in an amount equal to 6% of the incremental income tax attributable to new employees during the taxable year. Effective immediately.

Actions 
DateChamber Action
  2/27/2015HouseFiled with the Clerk by Rep. Litesa E. Wallace
  2/27/2015HouseFirst Reading
  2/27/2015HouseReferred to Rules Committee
  3/16/2015HouseAssigned to Revenue & Finance Committee
  3/20/2015HouseTo Income Tax Subcommittee
  3/25/2015HouseAdded Co-Sponsor Rep. Martin J. Moylan
  3/25/2015HouseAdded Co-Sponsor Rep. William Davis
  3/25/2015HouseAdded Co-Sponsor Rep. Deb Conroy
  3/26/2015HouseAdded Chief Co-Sponsor Rep. Lawrence Walsh, Jr.
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  4/20/2015HouseAdded Co-Sponsor Rep. Kathleen Willis
  4/21/2015HouseAdded Co-Sponsor Rep. Brandon W. Phelps
  1/10/2017HouseSession Sine Die

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