Bill Status of SB 1583   103rd General Assembly


Short Description:  INC TX-INTERNSHIP CREDIT

Senate Sponsors
Sen. Tom Bennett and Sally J. Turner

Last Action  View All Actions

DateChamber Action
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 5/234 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 the provision for all taxable years combined. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Actions 
DateChamber Action
  2/8/2023SenateFiled with Secretary by Sen. Tom Bennett
  2/8/2023SenateFirst Reading
  2/8/2023SenateReferred to Assignments
  2/14/2023SenateAssigned to Revenue
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments
  1/10/2024SenateRe-assigned to Revenue
  1/10/2024SenateAdded as Co-Sponsor Sen. Sally J. Turner
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments

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