90th General Assembly
Status of HB3681
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DART.

   35 ILCS 5/211 new                                                           

        Amends the Illinois Income Tax Act.  Creates a credit against the      
   taxes imposed under the Act for employers that hire  and  continuously      
   employ  full-time  for  a period of at least one year a person who has      
   obtained a baccalaureate or post-baccalaureate degree from a public or      
   private college or university in Illinois within  2  years  after  the      
   employee's  degree  is  awarded.  Provides that the credit shall be an      
   amount equal to 10%  of  the  employee's  salary.  Provides  that  the      
   employer may claim the credit for 2 years for each employee that meets      
   the  requirements of this credit.  Provides that any excess credit may      
   be carried forward for one taxable year.  Provides that this credit is      
   available for taxable years beginning on or  after  January  1,  1998.      
   Exempts the credit from the sunset provisions.                              
   98-02-17  H  FILED WITH CLERK                                               
   98-02-17  H  FIRST READING                                                  
   98-02-17  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   99-01-12  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary