Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/203

from Ch. 120, par. 2-203

35 ILCS 5/211

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to workers' compensation costs incurred by the taxpayer that are attributable to employees of the taxpayer who are employed at a location in a county with high unemployment. Creates a credit for taxpayers who (i) are not otherwise entitled to a tax credit under the Economic Development for a Growing Economy Tax Credit Act and (ii) employ at least 5 new employees at a project location in a county with high unemployment. Provides that the amount of the credit shall be determined by multiplying the taxpayer's income tax rate by the average wage of the new employees and then multiplying the result by the number of new employees.

Actions 

Date	Chamber	Action
3/11/2014	House	Filed with the Clerk by Rep. Bill Mitchell
3/17/2014	House	Added Chief Co-Sponsor Rep. John D. Cavaletto
3/18/2014	House	Added Chief Co-Sponsor Rep. Michael W. Tryon
3/19/2014	House	First Reading
3/19/2014	House	Referred to Rules Committee
3/20/2014	House	Added Chief Co-Sponsor Rep. Chad Hays
4/1/2014	House	Added Chief Co-Sponsor Rep. Ron Sandack
12/3/2014	House	Session Sine Die

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