Date	Chamber	Action
1/11/2011	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/219 new

35 ILCS 5/704A

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to $210 for each employee hired by the taxpayer during the taxable year to fill a newly created position multiplied by the number of consecutive months during which the employee is employed by the taxpayer. Provides that the taxpayer may elect to use all or a portion of the credit against its withholding tax liability. Provides that, if the amount of the credit exceeds the taxpayer's liability for the taxable year, the credit may be carried forward and applied to the tax liability of the 5 taxable years following the excess credit year. Effective immediately.

Actions 

Date	Chamber	Action
2/9/2010	House	Filed with the Clerk by Rep. Bill Mitchell
2/9/2010	House	Chief Co-Sponsor Rep. Ron Stephens
2/9/2010	House	First Reading
2/9/2010	House	Referred to Rules Committee
3/12/2010	House	Added Co-Sponsor Rep. Carol A. Sente
1/11/2011	House	Session Sine Die

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