INC TX-JOB CREATION BENEFIT CR

Amends the Illinois Income Tax Act. Allows a tax credit for employer taxpayers who, during the taxable year, increase the number of employees and provide health benefits to all their employees. Provides that the amount of the credit is $500 for each new employee added. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Provides that it is a business offense, subject to a fine of not less than $5,000, for a taxpayer to intentionally manipulate the number of employees for the purpose of obtaining the credit. Effective immediately.