Illinois General Assembly - Bill Status for HB4197

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Bill Status of HB4197 100th General Assembly

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Short Description: INC TX-INTERNSHIP CREDIT

House Sponsors
Rep. Thomas M. Bennett

Last Action

Date	Chamber	Action
1/8/2019	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/227 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 10% of the stipend or salary paid by the taxpayer to up to (i) 5 qualified college interns or (ii) 5 qualified high school interns during the taxable year. Provides that no taxpayer may claim more than $5,000 in total credits under that Section for all taxable years combined. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Actions

Date	Chamber	Action
12/20/2017	House	Filed with the Clerk by Rep. Thomas M. Bennett
1/16/2018	House	First Reading
1/16/2018	House	Referred to Rules Committee
1/8/2019	House	Session Sine Die

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