90th General Assembly
Summary of HB1748
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House Sponsors:
FLOWERS.

Short description: 
INC TX-WELFARE TO WORK CR                                                  

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act to create  for  each  employer      
   (i)  a  wage  credit  equal to 10% of the first $10,000 and 20% of the      
   second $10,000 paid to Welfare-To-Work employees up to $3,000 per year      
   per employee for up to 3 years, (ii) a basic  skills  training  credit      
   equal  to  $15  per  hour,  up to 150 hours, for basic skills training      
   provided to Welfare-to-Work  employees  up  to  $2,250  per  year  per      
   employee  for up to 3 years, and (iii) a support services credit equal      
   to the  cost  of  providing  support  services  to  a  Welfare-To-Work      
   employee  up  to  $2,250  per  employee  per  year  for up to 3 years.      
   Provides that these credits will be available for tax years  beginning      
   on or after January 1, 1997 and ending on or before December 30, 2007.      
   Provides  that  an  employer  may  not  claim  these credits until the      
   employee has been continuously employed by the employer for a  minimum      
   of 6 months.  Effective immediately.                                        
          STATE MANDATES FISCAL NOTE                                           
          HB1748 fails to create a State mandate.                              
          FISCAL NOTE (Dpt. Revenue)                                           
          HB 1748 can potentially reduce state revenue by as much as           
          $292.5 million annually.                                             
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status