Bill Status of HB 2827   98th General Assembly

Short Description:  INC TX-WORK OP CREDIT

House Sponsors
Rep. Derrick Smith-Mary E. Flowers-La Shawn K. Ford, Rita Mayfield, Emanuel Chris Welch, Marcus C. Evans, Jr. and Kenneth Dunkin

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/224 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that each business that employs 20 or fewer employees during the taxable year is entitled to a credit in an amount equal to (i) 25% of the qualified first-year wages, not to exceed $6,000, paid to each qualified employee who worked at least 120 hours but less than 400 hours during the taxable year, and (ii) 40% of the qualified first-year wages, not to exceed $6,000, paid to each qualified employee who worked at least 400 hours during the taxable year. Provides that the term "qualified employee" means a person who (i) is a member of a targeted group, as defined under the federal Work Opportunity Tax Credit, and (ii) was employed by the taxpayer for a period of exactly 12 consecutive months at any point during the taxable year. Effective immediately.

Actions 
DateChamber Action
  2/22/2013HouseFiled with the Clerk by Rep. Derrick Smith
  2/26/2013HouseAdded Co-Sponsor Rep. Rita Mayfield
  2/26/2013HouseAdded Co-Sponsor Rep. Emanuel Chris Welch
  2/26/2013HouseAdded Co-Sponsor Rep. Marcus C. Evans, Jr.
  2/26/2013HouseAdded Co-Sponsor Rep. Kenneth Dunkin
  2/26/2013HouseFirst Reading
  2/26/2013HouseReferred to Rules Committee
  2/26/2013HouseAdded Chief Co-Sponsor Rep. Mary E. Flowers
  2/26/2013HouseAdded Chief Co-Sponsor Rep. La Shawn K. Ford
  2/26/2013HouseChief Co-Sponsor Changed to Rep. Mary E. Flowers
  2/26/2013HouseChief Co-Sponsor Changed to Rep. La Shawn K. Ford
  3/4/2013HouseAssigned to Revenue & Finance Committee
  3/22/2013HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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