INC TX-HEAD COUNT CREDIT
Summary
Amends the Illinois Income Tax Act. Creates an income tax credit for an Illinois business that increases its average full-time employee head count in the State for the taxable year by more than 20% over its average full-time employee head count in the State for the immediately preceding taxable year. Provides that the amount of the credit is 20% of its tax liability under this Act (other than its withholding tax liability) for the taxable year. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
May 2018
Committee Review
Floor Vote
Governor
Introduced May 14, 2018
Last action Jan 8, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
23
Key actions
1
Committee
4
Apr 27, 2018
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Apr 11, 2018
Lower · Passed
Do Pass / Short Debate Revenue & Finance Committee; 007-004-000
lower
Mar 21, 2018
Committee
Assigned to Revenue & Finance Committee
lower
Feb 16, 2018
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
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