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<xml>
<title>Illinois General Assembly - Bill Status for HB 2080   </title>
<shortdesc>INC TX-TRAINING EXPENSE CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Lou Lang-Sidney H. Mathias</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/201</reference><aliasreference>from Ch. 120, par. 2-201</aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Reinstates the training expense credit for tax years ending on or after December 31, 2011 and on or before December 30, 2021. 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, 2011 may be carried forward. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/17/2011</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Lou Lang</action>
<statusdate>2/22/2011</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/22/2011</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/24/2011</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/24/2011</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Sidney H. Mathias</action>
<statusdate>3/17/2011</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

