INC TX-TRAINING EXPENSE CREDIT
Summary
Amends the Illinois Income Tax Act. Reinstates the training expense credit for tax years ending on or after December 31, 2014 and on or before December 30, 2024. Increases the amount of the credit from 1.6% of training expenses to 2% of training expenses. Provides that the training expense credit earned on or after December 31, 2014 may be carried forward. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2014
Committee Review
Floor Vote
Governor
Introduced Feb 14, 2014
Last action Dec 3, 2014
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Dec 3, 2014
House · Failed
Session Sine Die
Feb 14, 2014
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Dwight Kay
RRepublican
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