INCOME TAX-EMPLOYMENT CREDIT Senate SponsorsSen. Ram Villivalam 1/13/2021SenateSession Sine Die 35 ILCS 5/232 newAmends the Illinois Income Tax Act. Creates an income tax credit for an employer who hires a qualified employee to work at a location in the State. Sets forth the amount of the credit. Provides that the credit shall be increased by $500 if (i) the qualified employee is hired to work at a location in a disproportionately impacted area or (ii) on the date the qualified employee is hired, the qualified employee resides in a disproportionately impacted area. Provides that the term "qualified employee" means a resident of the State who is hired by the taxpayer to fill a net new job and was unemployed as a result of COVID-19 prior to the date he or she was hired by the taxpayer. Provides that the term "qualified employee" does not include an individual who was furloughed by the taxpayer. Effective immediately. 1/4/2021SenateFiled with Secretary by Sen. Ram Villivalam 1/4/2021SenateFirst Reading 1/4/2021SenateReferred to Assignments 1/13/2021SenateSession Sine Die