98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
Introduced 2/13/2013, by Sen. Patricia Van Pelt
SYNOPSIS AS INTRODUCED:
35 ILCS 5/216
35 ILCS 10/5-47 new
Amends the Illinois Income Tax Act. In a Section concerning a credit
for wages paid to ex-felons, removes a provision providing that the credit
may not exceed $600 for each qualified ex-offender. Provides that the
credit is exempt from the Act's automatic sunset. Amends the Economic
Development for a Growing Economy Tax Credit Act. Provides that each
Agreement entered into on or after the effective date of the amendatory Act
shall contain a provision stating that the Applicant shall establish a goal
of hiring qualified ex-offenders so that no less than 10% of the jobs
created or retained under the Agreement are filled by qualified
ex-offenders. Effective immediately.
|FISCAL NOTE ACT MAY APPLY|
A BILL FOR
|SB1659||LRB098 10416 HLH 40621 b|
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Illinois Income Tax Act is amended by
changing Section 216 as follows:
(35 ILCS 5/216)
Credit for wages paid to ex-felons.
(a) For each taxable year beginning on or after January 1,
2007, each taxpayer is entitled to a credit against the tax
imposed by subsections (a) and (b) of Section 201 of this Act
in an amount equal to 5% of qualified wages paid by the
taxpayer during the taxable year to one or more Illinois
residents who are qualified ex-offenders.
The total credit
allowed to a taxpayer with respect to each qualified
ex-offender may not exceed $600 for all taxable years.
partners, shareholders of Subchapter S corporations, and
owners of limited liability companies, if the liability company
is treated as a partnership for purposes of federal and State
income taxation, there shall be allowed a credit under this
Section to be determined in accordance with the determination
of income and distributive share of income under Sections 702
and 704 and Subchapter S of the Internal Revenue Code.
(b) For purposes of this Section, "qualified wages":