95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB1658


 
Introduced 2/22/2007, by Rep. Susana A Mendoza
 
SYNOPSIS AS INTRODUCED:
 		













35 ILCS 5/218 new










    Amends the Illinois Income Tax Act. Creates a tax credit, for taxable years ending on or after December 31, 2007 and on or before December 30, 2012, for taxpayers who provide English-language instruction to their employees. Provides that the amount of the credit  is 25% of that instruction. Provides that that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately.
















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FISCAL NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB1658

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1
    AN ACT concerning revenue.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 5. The Illinois Income Tax Act is amended  by adding 
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Section 218 as follows:
 
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    (35 ILCS 5/218  new)
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    Sec. 218. Credit for English-language instruction.
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    (a) For taxable years ending on or after December 31, 2007 
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and on or before December 30, 2012, each taxpayer who provides 
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English-language instruction to his or her employees is 
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entitled to a credit against the tax imposed under subsections 
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(a) and (b) of Section 201 in an amount equal to 25% of that 
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instruction.
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    (b) For the purposes of this Section, "English-language 
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instruction" includes, classes, tutorials,  books, and other 
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instructional materials for the instruction of English as a 
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second language.

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    (c) For partners, shareholders of Subchapter S 
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corporations, and owners of limited liability companies, if the 
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liability company is treated as a partnership for purposes of 
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federal and State income taxation, there is allowed a credit 
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under this Section to be determined in accordance with the 
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determination of income and distributive share of income under 
 


 






HB1658
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1
Sections 702 and 704 and Subchapter S of the Internal Revenue 
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Code.
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    (d) The credit under this Section may not be carried 
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forward or back and may not reduce the taxpayer's liability to 
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less than zero.
 

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    Section 99. Effective date. This Act takes effect upon 
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becoming law.