Illinois General Assembly - Bill Status for SB2477
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 Bill Status of SB2477  102nd General Assembly


Short Description:  INC TX-ENGINEERING STUDENTS

Senate Sponsors
Sen. Ram Villivalam and Sally J. Turner

Last Action
DateChamber Action
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments

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
  2/26/2021SenateFiled with Secretary by Sen. Ram Villivalam
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  3/2/2021SenateAdded as Co-Sponsor Sen. Sally J. Turner
  3/23/2021SenateAssigned to Revenue
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments

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