Illinois General Assembly - Bill Status for HB5959

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Bill Status of HB5959 98th General Assembly

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Short Description: INC TX-TRAINING EXPENSE CREDIT

House Sponsors
Rep. Dwight Kay

Last Action

Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/201

from Ch. 120, par. 2-201

Synopsis As Introduced
Amends the Illinois Income Tax Act. Reinstates the training expense credit for tax years ending on or after December 31, 2014 and on or before December 30, 2024. Increases the amount of the credit from 1.6% of training expenses to 2% of training expenses. Provides that the training expense credit earned on or after December 31, 2014 may be carried forward. Effective immediately.

Actions

Date	Chamber	Action
2/14/2014	House	Filed with the Clerk by Rep. Dwight Kay
2/14/2014	House	First Reading
2/14/2014	House	Referred to Rules Committee
12/3/2014	House	Session Sine Die

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