Illinois General Assembly - Bill Status for HB1290
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 Bill Status of HB1290  104th General Assembly


Short Description:  INC TX-CORPORATE HIRING

House Sponsors
Rep. Dave Vella

Last Action
DateChamber Action
  1/28/2025HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/246 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2026, each corporation that increases its average employee head count in the State by more than 10% over the corporation's average employee head count in the State in the immediately preceding taxable year is entitled to an income tax credit in an amount equal to 2% of the corporation's Illinois Income Tax liability for the taxable year.

Actions 
DateChamber Action
  1/13/2025HouseFiled with the Clerk by Rep. Dave Vella
  1/28/2025HouseFirst Reading
  1/28/2025HouseReferred to Rules Committee

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