INC TX-INTERNSHIP CREDIT
Summary
Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 10% of the stipend or salary paid by the taxpayer to up to (i) 5 qualified college interns or (ii) 5 qualified high school interns during the taxable year. Provides that no taxpayer may claim more than $5,000 in total credits under that Section for all taxable years combined. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Jan 2022
Committee Review
Floor Vote
Governor
Introduced Jan 3, 2022
Last action Jan 10, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
11
Key actions
2
Committee
7
Amendments
1
Feb 18, 2022
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Feb 18, 2022
Committee
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
lower
Feb 15, 2022
Lower · Passed
To Income Tax Subcommittee
lower
Feb 15, 2022
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
lower
Feb 14, 2022
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Feb 14, 2022
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Thomas M. Bennett
lower
Feb 9, 2022
Committee
Assigned to Revenue & Finance Committee
lower
Jan 5, 2022
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Tom Bennett
RRepublican
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