Bill Status of HB4360 100th General Assembly
Short Description: INC TX-YOUTH-IN-CARE
Rep. Sara Feigenholtz
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 20% of the gross wages paid by the taxpayer to a qualified youth in care in the course of that youth's sustained employment during the taxable year. Provides that the credit may not exceed $5,000. Provides that the credit is exempt from the Act's automatic sunset provisions. Defines "qualified youth in care". Effective immediately.