INC TX-EX FELON EMPLOY CREDIT

Amends the Illinois Income Tax Act. Provides that for each taxable year beginning on or after January 1, 2005, a taxpayer employer is allowed an income tax credit in the amount of $1,200 or 5% of the salary paid to the employee during the taxable year, whichever is less, for each eligible ex-felon employed by the taxpayer as of the last day of the taxable year. Sets forth the standards for an employee to be an "eligible ex-felon". Provides that unused amounts of the credit may be carried forward for a period of 5 years. Exempts the credit from the sunset requirements of the Act. Requires the Department of Revenue and the Department of Corrections to adopt rules concerning the credit.