Illinois General Assembly - Bill Status for HB5360
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 Bill Status of HB5360  101st General Assembly

Short Description:  INC TX-ENGINEERING STUDENTS

House Sponsors
Rep. Martin J. Moylan, Ryan Spain, Grant Wehrli, Jay Hoffman and Jonathan "Yoni" Pizer

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/232 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who employ individuals working within the engineering sector who graduated from an accredited institution of higher learning with a Bachelor's degree or higher. Provides that the credit shall be equal to 10% of the compensation paid for the first through fifth years of employment in the engineering sector if the qualified employee graduated from an institution located in Illinois or 5% of the compensation paid for the first through fifth years of employment in the engineering sector if the qualified employee graduated from an institution not located in Illinois. Effective immediately.

Actions 
DateChamber Action
  2/14/2020HouseFiled with the Clerk by Rep. Martin J. Moylan
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  2/18/2020HouseAdded Co-Sponsor Rep. Ryan Spain
  2/27/2020HouseAdded Co-Sponsor Rep. Grant Wehrli
  3/5/2020HouseAdded Co-Sponsor Rep. Jay Hoffman
  3/17/2020HouseAssigned to Revenue & Finance Committee
  5/21/2020HouseAdded Co-Sponsor Rep. Jonathan "Yoni" Pizer
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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