Bill Status of HB 4179   100th General Assembly


Short Description:  INC TAX CREDIT INTERNS

House Sponsors
Rep. David B. Reis

Last Action  View All Actions

DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/227 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Authorizes an income tax credit in an amount equal to 10% of stipends or salaries paid to qualified college interns. Limits the credit to stipends and salaries paid to 5 interns each year, and limits total credits to $3,000 for all years combined. Defines "qualified college intern". Provides that the credit may not reduce the taxpayer's liability to less than zero and may not be carried forward or back. Provides that the credit is exempt from the Act's sunset provisions. Effective immediately.

Actions 
DateChamber Action
  12/14/2017HouseFiled with the Clerk by Rep. David B. Reis
  1/16/2018HouseFirst Reading
  1/16/2018HouseReferred to Rules Committee
  1/8/2019HouseSession Sine Die

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