HB1658 95TH GENERAL ASSEMBLY

LRB095 10015 BDD 30229 b

95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB1658

Introduced 2/22/2007, by Rep. Susana A Mendoza

SYNOPSIS AS INTRODUCED:

35 ILCS 5/218 new

Amends the Illinois Income Tax Act. Creates a tax credit, for taxable years ending on or after December 31, 2007 and on or before December 30, 2012, for taxpayers who provide English-language instruction to their employees. Provides that the amount of the credit is 25% of that instruction. Provides that that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning revenue.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Income Tax Act is amended by adding Section 218 as follows:

(35 ILCS 5/218 new)

Sec. 218. Credit for English-language instruction.

(a) For taxable years ending on or after December 31, 2007 and on or before December 30, 2012, each taxpayer who provides English-language instruction to his or her employees is entitled to a credit against the tax imposed under subsections (a) and (b) of Section 201 in an amount equal to 25% of that instruction.

(b) For the purposes of this Section, "English-language instruction" includes, classes, tutorials, books, and other instructional materials for the instruction of English as a second language.

(c) For partners, shareholders of Subchapter S corporations, and owners of limited liability companies, if the liability company is treated as a partnership for purposes of federal and State income taxation, there is allowed a credit under this Section to be determined in accordance with the determination of income and distributive share of income under Sections 702 and 704 and Subchapter S of the Internal Revenue Code.

(d) The credit under this Section may not be carried forward or back and may not reduce the taxpayer's liability to less than zero.

Section 99. Effective date. This Act takes effect upon becoming law.