Bill Status of HB1947 102nd General Assembly
Short Description: INC TX-EMPLOYER CREDIT
Rep. Marcus C. Evans, Jr.
| 3/27/2021||House||Rule 19(a) / Re-referred to Rules Committee|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that each taxpayer who employs an individual who is 15 years of age or older but not yet 20 years of age during the taxable year to work for the taxpayer for at least 25 hours every two weeks is entitled an income tax credit in an amount equal to 60% of the wages paid to those employees during the taxable year. Effective immediately.