SB0719sam001 100TH GENERAL ASSEMBLY

Sen. Thomas Cullerton

Filed: 3/2/2017

10000SB0719sam001 LRB100 08983 HLH 22125 a

AMENDMENT TO SENATE BILL 719

AMENDMENT NO. ______. Amend Senate Bill 719 by replacing everything after the enacting clause with the following:

"Section 5. The Illinois Income Tax Act is amended by adding Section 224 as follows:

(35 ILCS 5/224 new)

Sec. 224. Apprenticeship education expense credit.

(a) For tax years ending on or after December 31, 2017, a taxpayer who is the employer of one or more qualifying apprentices shall be allowed a credit against the tax imposed by subsections (a) and (b) of Section 201 for qualified education expenses incurred on behalf of a qualifying apprentice. The credit shall be equal to 100% of qualified education expenses, but in no event may the total credit amount awarded to a single employer in a single taxable year exceed $5,000. In no event shall a credit under this Section reduce the taxpayer's liability under this Act to less than zero.

(b) This Section is exempt from the provisions of Section 250 of this Act.

(c) For purposes of this Section:

"Qualifying apprentices" means individuals who (i) are residents of the State of Illinois, (ii) are between the ages of 16 and 40 years old at the close of the school year for which a credit is sought, and (iii) during the school year for which a credit is sought were full-time apprentices enrolled in an apprenticeship program which is registered with the United States Department of Labor, Office of Apprenticeship.

"Qualified education expense" means the amount incurred on behalf of a qualifying apprentice not to exceed $3,500 for tuition, book fees, and lab fees at the school or community college in which the apprentice is enrolled during the regular school year.

"School" means any public or nonpublic secondary school in Illinois, or any community college, that is in compliance with Title VI of the Civil Rights Act of 1964, except that, with respect to community college students, no credit may be granted under this Section for a student who is not enrolled in an approved apprenticeship program.

"Employer" means an Illinois taxpayer who is the employer of the qualifying apprentice. ".