Illinois General Assembly - Bill Status for HB4343
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 Bill Status of HB4343  101st General Assembly


Short Description:  INC TX-INTERNSHIP CREDIT

House Sponsors
Rep. Thomas M. Bennett and Jonathan "Yoni" Pizer

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

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
  1/29/2020HouseFiled with the Clerk by Rep. Thomas M. Bennett
  1/29/2020HouseFirst Reading
  1/29/2020HouseReferred to Rules Committee
  6/2/2020HouseAdded Co-Sponsor Rep. Jonathan "Yoni" Pizer
  1/13/2021HouseSession Sine Die

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