OBAMA. 35 ILCS 5/211 new Amends the Illinois Income Tax Act. Provides that each corporation shall aggregate all amounts claimed as credits and the tax saved by all deductions and exemptions and shall use an amount equal to 10% of that aggregate amount plus any amounts currently being used for job training to maintain or improve the existing job training program, or if no job training program exists, to create one. Requires that each corporation claiming a credit, deduction, or exemption shall annually report to the Department of Revenue on these job training programs for verification purposes. Provides that if the Department finds that the corporation is not in compliance with the job training requirements, the corporation shall refund 100% of amounts claimed as credits and the tax saved by all deductions and exemptions in the year preceding the year of noncompliance. Provides that the Department may adopt rules necessary to enforce these provisions. 97-02-06 S FIRST READING 97-02-06 S REFERRED TO SENATE RULES COMMITTEE RULES 97-02-19 S ASSIGNED TO COMMITTEE REVENUE 97-02-28 S POSTPONED 97-03-06 S HELD IN COMMITTEE 97-03-06 S COMMITTEE REVENUE 97-03-15 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary