Illinois General Assembly - Bill Status for HB4197
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 Bill Status of HB4197  100th General Assembly


Short Description:  INC TX-INTERNSHIP CREDIT

House Sponsors
Rep. Thomas M. Bennett

Last Action
DateChamber Action
  1/16/2018HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/227 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 10% of the stipend or salary paid by the taxpayer to up to (i) 5 qualified college interns or (ii) 5 qualified high school interns during the taxable year. Provides that no taxpayer may claim more than $5,000 in total credits under that Section for all taxable years combined. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Actions 
DateChamber Action
  12/20/2017HouseFiled with the Clerk by Rep. Thomas M. Bennett
  1/16/2018HouseFirst Reading
  1/16/2018HouseReferred to Rules Committee

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