Illinois General Assembly - Bill Status for HB4482
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 Bill Status of HB4482  93rd General Assembly


Short Description:  INC TX-EX FELON EMPLOY CREDIT

House Sponsors
Rep. Calvin L. Giles - Paul D. Froehlich

Last Action
DateChamber Action
  3/2/2004HouseTabled By Sponsor Rep. Calvin L. Giles

Statutes Amended In Order of Appearance
35 ILCS 5/220 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that for each taxable year beginning on or after January 1, 2005, a taxpayer employer is allowed an income tax credit in the amount of $1,200 or 5% of the salary paid to the employee during the taxable year, whichever is less, for each eligible ex-felon employed by the taxpayer as of the last day of the taxable year. Sets forth the standards for an employee to be an "eligible ex-felon". Provides that unused amounts of the credit may be carried forward for a period of 5 years. Exempts the credit from the sunset requirements of the Act. Requires the Department of Revenue and the Department of Corrections to adopt rules concerning the credit.

Actions 
DateChamber Action
  2/3/2004HouseFiled with the Clerk by Rep. Calvin L. Giles
  2/3/2004HouseFirst Reading
  2/3/2004HouseReferred to Rules Committee
  2/19/2004HouseAdded Chief Co-Sponsor Rep. Paul D. Froehlich
  2/24/2004HouseAssigned to Revenue Committee
  3/2/2004HouseTabled By Sponsor Rep. Calvin L. Giles

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