Bill Status of SB3182  96th General Assembly


Short Description:  INC TX-TRAINING EXPENSE CREDIT

Senate Sponsors
Sen. Kyle McCarter

Last Action
DateChamber Action
  1/12/2011SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/201from Ch. 120, par. 2-201


Synopsis As Introduced
Amends the Illinois Income Tax Act. Reinstates the training expense credit for tax years ending on or after December 31, 2010 and on or before December 30, 2020. Increases the amount of the credit from 1.6% of training expenses to 2% of training expenses. Provides that the training expense credit earned on or after December 31, 2010 may be carried forward. Effective immediately.

Actions 
DateChamber Action
  2/9/2010SenateFiled with Secretary by Sen. Kyle McCarter
  2/9/2010SenateFirst Reading
  2/9/2010SenateReferred to Assignments
  2/24/2010SenateAssigned to Commerce
  3/8/2010SenateRule 3-9(a) / Re-referred to Assignments
  1/12/2011SenateSession Sine Die