Bill Status of HB4179 100th General Assembly
Short Description: INC TAX CREDIT INTERNS
Rep. David B. Reis
| 1/8/2019||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Authorizes a credit to taxpayers for 10% of stipends or salaries paid to qualified college interns. Limits the credit to stipends and salaries paid to 5 interns each year, and limits total credits to $3,000 for all years combined. Defines a "qualified college intern". Provides that the credit may not reduce the taxpayer's liability to less than zero and may not be carried forward or back. Exempt from the Act's sunset provisions. Effective immediately.
|Date||Chamber|| Action|| 12/14/2017||House||Filed with the Clerk by Rep. David B. Reis|| 1/16/2018||House||First Reading|| 1/16/2018||House||Referred to Rules Committee|| 1/8/2019||House||Session Sine Die|