BOST. 35 ILCS 5/211 new Amends the Illinois Income Tax Act. Creates an income tax credit equal to 5% of a business' taxable income for every taxpayer that operates a business that (i) employed at least 20 full-time employees for the entire preceding taxable year, (ii) located, during the taxable year, in a county with an annual average unemployment rate that is at least 1.5 times the Statewide average annual unemployment rate for 1996, and (iii) is a new business or was located outside Illinois for at least the preceding 2 taxable years. Provides that the credit shall not reduce the taxpayer's liability to less than zero. Sunsets the credit after 10 years. 97-03-04 H FIRST READING 97-03-04 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-03-05 H ASSIGNED TO COMMITTEE REVENUE 97-03-21 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary