Date	Chamber	Action
1/10/2017	House	Session 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 employer that enters into a profit-sharing agreement with its employees is entitled to a credit in an amount equal to 25% of the distributions made to the employee during the taxable year under the terms of the agreement. Provides that the credit may be carried forward. Provides that the credit is exempt from the Act's automatic sunset provision.

Actions 

Date	Chamber	Action
2/9/2016	House	Filed with the Clerk by Rep. John Cavaletto
2/10/2016	House	First Reading
2/10/2016	House	Referred to Rules Committee
1/10/2017	House	Session Sine Die

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