Bill Status of HB 4544   99th General Assembly


Short Description:  INC TAX CREDIT INTERNS

House Sponsors
Rep. David B. Reis

Last Action  View All Actions

DateChamber Action
  1/10/2017HouseSession Sine Die

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

Synopsis As Introduced
Amends the Illinois Income Tax Act. Authorizes a credit to taxpayers for 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 a "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. Exempt from the Act's sunset provisions. Effective immediately.

Actions 
DateChamber Action
  1/27/2016HouseFiled with the Clerk by Rep. David B. Reis
  1/27/2016HouseFirst Reading
  1/27/2016HouseReferred to Rules Committee
  1/10/2017HouseSession Sine Die

Back To Top