Bill Status of HB3613 101st General Assembly
Short Description: INC TX-INTERN CREDIT
Rep. Katie Stuart, Lindsey LaPointe and Jonathan "Yoni" Pizer
| 1/13/2021||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 10% of the salary or stipend paid to a qualified intern during the taxable year. Provides that, if the qualified intern is hired by the taxpayer on a full-time basis upon graduation, the employer is entitled to the credit for each of the first 2 years of the intern's full-time employment with the taxpayer. Effective immediately.