Revenue Committee
Filed: 4/25/2006
|
|||||||
| |||||||
| |||||||
1 | AMENDMENT TO SENATE BILL 1279
| ||||||
2 | AMENDMENT NO. ______. Amend Senate Bill 1279 as follows: | ||||||
3 | on page 2, by replacing lines 28 through 30 with the following: | ||||||
4 | " consisting of 8 members of the General Assembly, 2 of whom are | ||||||
5 | appointed by the Speaker of the House of Representatives, 2 of | ||||||
6 | whom are appointed by the President of the Senate, 2 of whom | ||||||
7 | are appointed by the Minority Leader of the House of | ||||||
8 | Representatives, and 2 of whom are appointed by the Minority | ||||||
9 | Leader of the Senate. "; and | ||||||
10 | on page 3, by replacing lines 24 through 26 with the following: | ||||||
11 | " consisting of 8 members of the General Assembly, 2 of whom are | ||||||
12 | appointed by the Speaker of the House of Representatives, 2 of | ||||||
13 | whom are appointed by the President of the Senate, 2 of whom | ||||||
14 | are appointed by the Minority Leader of the House of | ||||||
15 | Representatives, and 2 of whom are appointed by the Minority | ||||||
16 | Leader of the Senate. "; and | ||||||
17 | on page 4, by replacing lines 5 through 28 with the following: | ||||||
18 | " (a) For each taxable year beginning on or after January 1, | ||||||
19 | 2007, each taxpayer is entitled to a credit against the tax | ||||||
20 | imposed by subsections (a) and (b) of Section 201 of this Act | ||||||
21 | in an amount equal to 5% of qualified wages paid by the | ||||||
22 | taxpayer during the taxable year to one or more Illinois | ||||||
23 | residents who are qualified ex-offenders. The total credit |
| |||||||
| |||||||
1 | allowed to a taxpayer with respect to each qualified | ||||||
2 | ex-offender may not exceed $600 for all taxable years. For | ||||||
3 | partners, shareholders of Subchapter S corporations, and | ||||||
4 | owners of limited liability companies, if the liability company | ||||||
5 | is treated as a partnership for purposes of federal and State | ||||||
6 | income taxation, there shall be allowed a credit under this | ||||||
7 | Section to be determined in accordance with the determination | ||||||
8 | of income and distributive share of income under Sections 702 | ||||||
9 | and 704 and Subchapter S of the Internal Revenue Code. | ||||||
10 | (b) For purposes of this Section, "qualified wages": | ||||||
11 | (1) includes only wages that are subject to federal | ||||||
12 | unemployment tax under Section 3306 of the Internal Revenue | ||||||
13 | Code, without regard to any dollar limitation contained in | ||||||
14 | that Section; | ||||||
15 | (2) does not include any amounts paid or incurred by an | ||||||
16 | employer for any period to any qualified ex-offender for | ||||||
17 | whom the employer receives federally funded payments for | ||||||
18 | on-the-job training of that qualified ex-offender for that | ||||||
19 | period;
and | ||||||
20 | (3) includes only wages attributable to service | ||||||
21 | rendered during the one-year period beginning with the day | ||||||
22 | the qualified ex-offender begins work for the employer. | ||||||
23 | If the taxpayer has received any payment from a program | ||||||
24 | established under Section 482(e)(1) of the federal Social | ||||||
25 | Security Act with respect to a qualified ex-offender, then, for | ||||||
26 | purposes of calculating the credit under this Section, the | ||||||
27 | amount of the qualified wages paid to that qualified | ||||||
28 | ex-offender must be reduced by the amount of the payment. | ||||||
29 | (c) For purposes of this Section, "qualified ex-offender" | ||||||
30 | means any person who: | ||||||
31 | (1) is an eligible offender, as defined under Section | ||||||
32 | 5-5.5-5 of the Unified Code of Corrections; | ||||||
33 | (2) was sentenced to a period of incarceration in an | ||||||
34 | Illinois adult correctional center; and |
| |||||||
| |||||||
1 | (3) was hired by the taxpayer within one year after | ||||||
2 | being released from an Illinois adult correctional center. | ||||||
3 | (d) In no event shall a credit under this Section reduce "; | ||||||
4 | and
| ||||||
5 | on page 5, line 11, after " year. ", by inserting the following: | ||||||
6 | " For partners, shareholders of Subchapter S corporations, and | ||||||
7 | owners of limited liability companies, if the liability company | ||||||
8 | is treated as a partnership for purposes of federal and State | ||||||
9 | income taxation, there shall be allowed a credit under this | ||||||
10 | Section to be determined in accordance with the determination | ||||||
11 | of income and distributive share of income under Sections 702 | ||||||
12 | and 704 and Subchapter S of the Internal Revenue Code. "; and | ||||||
13 | on page 5, line 18, after " (iii) ", by inserting " has provided, | ||||||
14 | to the taxpayer, documentation showing that he or she ".
|