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90_HB0270eng
35 ILCS 5/209
Amends the Illinois Income Tax Act to provide that, for
tax years beginning on or after January 1, 1997, tax credits
for "TECH PREP" youth vocational programs shall be available
to all taxpayers rather than only being available to
taxpayers engaged in manufacturing. Provides for a 5-year
carry-forward of excess credits. Effective immediately.
LRB9000831KDcdA
HB0270 Engrossed LRB9000831KDcdA
1 AN ACT to amend the Illinois Income Tax Act by changing
2 Section 209.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Income Tax Act is amended by
6 changing Section 209 as follows:
7 (35 ILCS 5/209)
8 Sec. 209. Tax Credit for "TECH-PREP" youth vocational
9 programs.
10 (a) Beginning with tax years ending on or after June 30,
11 1995, every taxpayer who is primarily engaged in
12 manufacturing is allowed a credit against the tax imposed by
13 subsections (a) and (b) of Section 201 in an amount equal to
14 20% of the taxpayer's direct payroll expenditures for which a
15 credit has not already been claimed under subsection (j) of
16 Section 201 of this Act, in the tax year for which the credit
17 is claimed, for cooperative secondary school youth vocational
18 programs in Illinois which are certified as qualifying
19 TECH-PREP programs by the State Board of Education and the
20 Department of Revenue because the programs prepare students
21 to be technically skilled workers and meet the performance
22 standards of business and industry and the admission
23 standards of higher education. The credit may also be claimed
24 for personal services rendered to the taxpayer by a TECH-PREP
25 student or instructor (i) which would be subject to the
26 provisions of Article 7 of this Act if the student or
27 instructor was an employee of the taxpayer and (ii) for which
28 no credit under this Section is claimed by another taxpayer.
29 (a-5) For tax years beginning on or after January 1,
30 1997, every taxpayer is allowed a credit against the tax
31 imposed by subsections (a) and (b) of Section 201 in an
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1 amount equal to 20% of the taxpayer's direct payroll
2 expenditures for which a credit has not already been claimed
3 under subsection (j) of Section 201 of this Act, in the tax
4 year for which the credit is claimed, for cooperative
5 secondary school youth vocational programs in Illinois which
6 are certified as qualifying TECH-PREP programs by the State
7 Board of Education and the Department of Revenue because the
8 programs prepare students to be technically skilled workers
9 and meet the performance standards of business and industry
10 and the admission standards of higher education. The credit
11 may also be claimed for personal services rendered to the
12 taxpayer by a TECH-PREP student or instructor (i) which would
13 be subject to the provisions of Article 7 of this Act if the
14 student or instructor was an employee of the taxpayer and
15 (ii) for which no credit under this Section is claimed by
16 another taxpayer.
17 (b) If the amount of the credit exceeds the tax
18 liability for the year, the excess may be carried forward and
19 applied to the tax liability of the 5 2 taxable years
20 following the excess credit year. The credit shall be applied
21 to the earliest year for which there is a tax liability. If
22 there are credits from more than one tax year that are
23 available to offset a liability, the earlier credit shall be
24 applied first.
25 (c) A taxpayer claiming the credit provided by this
26 Section shall maintain and record such information regarding
27 its participation in a qualifying TECH-PREP program as the
28 Department may require by regulation. When claiming the
29 credit provided by this Section, the taxpayer shall provide
30 such information regarding the taxpayer's participation in a
31 qualifying TECH-PREP program as the Department of Revenue may
32 require by regulation.
33 (d) This Section does not apply to those programs with
34 national standards that have been or in the future are
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1 approved by the U.S. Department of Labor, Bureau of
2 Apprenticeship Training or any federal agency succeeding to
3 the responsibilities of that Bureau.
4 (Source: P.A. 88-505; 89-399, eff. 8-20-95.)
5 Section 99. Effective date. This Act takes effect upon
6 becoming law.