INC TX-YOUTHBUILD
Summary
Amends the Illinois Income Tax Act. Creates a credit for taxpayers that operate a Youthbuild program in the State during the taxable year. Sets forth the amount of the credit. Provides that, if the amount of the credit exceeds the taxpayer's income tax liability for the applicable tax year, then the excess credit shall be refunded to the taxpayer. Provides that the credit is exempt from the Act's automatic sunset provision.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2014
Committee Review
Floor Vote
Governor
Introduced Feb 4, 2014
Last action Dec 3, 2014
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
4
Dec 3, 2014
House · Failed
Session Sine Die
Mar 28, 2014
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Mar 11, 2014
House · Reported by committee
To Income Tax Subcommittee
Mar 3, 2014
House · Referred to committee
Assigned to Revenue & Finance Committee
Feb 4, 2014
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Derrick Smith
DDemocratic
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