House Sponsors: DART. Short description: INC TX-CR-HIRE IL UNIV GRADS Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Creates a credit against the taxes imposed under the Act for employers that hire and continuously employ full-time for a period of at least one year a person who has obtained a baccalaureate or post-baccalaureate degree from a public or private college or university in Illinois within 2 years after the employee's degree is awarded. Provides that the credit shall be an amount equal to 10% of the employee's salary. Provides that the employer may claim the credit for 2 years for each employee that meets the requirements of this credit. Provides that any excess credit may be carried forward for one taxable year. Provides that this credit is available for taxable years ending on or after December 31, 2002. Exempts the credit from the sunset provisions. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status