Illinois General Assembly - Bill Status for HB4608
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 Bill Status of HB4608  98th General Assembly


Short Description:  INC TX-YOUTHBUILD

House Sponsors
Rep. Derrick Smith

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/224 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit for taxpayers that operate a Youthbuild program in the State during the taxable year. Sets forth the amount of the credit. Provides that, if the amount of the credit exceeds the taxpayer's income tax liability for the applicable tax year, then the excess credit shall be refunded to the taxpayer. Provides that the credit is exempt from the Act's automatic sunset provision.

Actions 
DateChamber Action
  2/4/2014HouseFiled with the Clerk by Rep. Derrick Smith
  2/4/2014HouseFirst Reading
  2/4/2014HouseReferred to Rules Committee
  3/3/2014HouseAssigned to Revenue & Finance Committee
  3/11/2014HouseTo Income Tax Subcommittee
  3/28/2014HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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