Illinois General Assembly - Bill Status for HB4329
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 Bill Status of HB4329  102nd General Assembly


Short Description:  INC TX-INTERNSHIP CREDIT

House Sponsors
Rep. Thomas M. Bennett

Last Action
DateChamber Action
  2/18/2022HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/232 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 10% of the stipend or salary paid by the taxpayer to up to (i) 5 qualified college interns or (ii) 5 qualified high school interns during the taxable year. Provides that no taxpayer may claim more than $5,000 in total credits under that Section for all taxable years combined. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Actions 
DateChamber Action
  1/3/2022HouseFiled with the Clerk by Rep. Thomas M. Bennett
  1/5/2022HouseFirst Reading
  1/5/2022HouseReferred to Rules Committee
  2/9/2022HouseAssigned to Revenue & Finance Committee
  2/14/2022HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Thomas M. Bennett
  2/14/2022HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  2/15/2022HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  2/15/2022HouseTo Income Tax Subcommittee
  2/18/2022HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  2/18/2022HouseRule 19(a) / Re-referred to Rules Committee

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