Illinois General Assembly - Bill Status for HB3261

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Bill Status of HB3261 97th General Assembly

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Short Description: INC TX-CREDIT FOR NEW HIRES

House Sponsors
Rep. Patricia R. Bellock

Last Action

Date	Chamber	Action
1/8/2013	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/221 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit for each business that is newly established in the State or that relocates to the State during the taxable year or the previous taxable year. The taxpayer is entitled to a credit against the tax imposed by subsections (a) and (b) of Section 201 in an amount equal to 10% of the wages paid by the business during the taxable year to full-time employees who are residents of Illinois. Creates a credit for other businesses that increase their total full-time employment head count during the taxable year by at least 10 employees in an amount equal to 10% of the wages paid by the business during the taxable year to each resident of Illinois that is first hired by the business during the taxable year.

Actions

Date	Chamber	Action
2/24/2011	House	Filed with the Clerk by Rep. Patricia R. Bellock
2/24/2011	House	First Reading
2/24/2011	House	Referred to Rules Committee
2/28/2011	House	Assigned to Revenue & Finance Committee
3/17/2011	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2013	House	Session Sine Die

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