Bill Status of HB0345  99th General Assembly


Short Description:  INC TX-TRAINING EXPENSE

House Sponsors
Rep. David B. Reis - Dwight Kay

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/201from Ch. 120, par. 2-201


Synopsis As Introduced
Amends the Illinois Income Tax Act. Reinstates the training expense credit for tax years ending on or after December 31, 2015 and prior to December 31, 2025. Increases the amount of the credit from 1.6% of training expenses to 2% of training expenses. Provides that the training expense credit earned on or after December 31, 2015 may be carried forward. Effective immediately.

Actions 
DateChamber Action
  1/28/2015HouseFiled with the Clerk by Rep. David B. Reis
  1/28/2015HouseFirst Reading
  1/28/2015HouseReferred to Rules Committee
  2/6/2015HouseAdded Chief Co-Sponsor Rep. Dwight Kay
  2/13/2015HouseAssigned to Revenue & Finance Committee
  2/20/2015HouseTo Income Tax Subcommittee
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die