Bill Status of HB 5801   97th General Assembly

Short Description:  INC TX-TRAINING EXPENSE CREDIT

House Sponsors
Rep. Wayne Rosenthal-Jason Barickman-Sidney H. Mathias-Mike Bost-Jil Tracy

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/201from Ch. 120, par. 2-201

Synopsis As Introduced
Amends the Illinois Income Tax Act. Reinstates the training expense credit for tax years ending on or after December 31, 2012 and on or before December 30, 2022. Increases the amount of the credit from 1.6% of training expenses to 2% of training expenses. Provides that the training expense credit earned on or after December 31, 2012 may be carried forward. Effective immediately.

Actions 
DateChamber Action
  2/16/2012HouseFiled with the Clerk by Rep. Wayne Rosenthal
  2/16/2012HouseFirst Reading
  2/16/2012HouseReferred to Rules Committee
  2/28/2012HouseAdded Chief Co-Sponsor Rep. Jason Barickman
  2/28/2012HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
  2/28/2012HouseAdded Chief Co-Sponsor Rep. Mike Bost
  2/28/2012HouseAdded Chief Co-Sponsor Rep. Jil Tracy
  1/8/2013HouseSession Sine Die

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