Illinois General Assembly - Bill Status for SB1583

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 10% of the stipend or salary paid by the taxpayer to up to (i) 5 qualified college interns or (ii) 5 qualified high school interns during the taxable year. Provides that no taxpayer may claim more than $5,000 in total credits under that Section for all taxable years combined. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Actions

Date	Chamber	Action
2/8/2023	Senate	Filed with Secretary by Sen. Tom Bennett
2/8/2023	Senate	First Reading
2/8/2023	Senate	Referred to Assignments
2/14/2023	Senate	Assigned to Revenue
3/10/2023	Senate	Rule 3-9(a) / Re-referred to Assignments
1/10/2024	Senate	Re-assigned to Revenue
1/10/2024	Senate	Added as Co-Sponsor Sen. Sally J. Turner
3/15/2024	Senate	Rule 3-9(a) / Re-referred to Assignments

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