- District 66
Amends the Illinois Income Tax Act. Creates an income tax credit for an Illinois business that increases its average full-time employee head count in the State for the taxable year by more than 20% over its average full-time employee head count in the State for the immediately preceding taxable year. Provides that the amount of the credit is 20% of its tax liability under this Act (other than its withholding tax liability) for the taxable year. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.
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Rule 19(a) / Re-referred to Rules Committee
Assigned to Revenue & Finance Committee
Referred to Rules Committee
Filed with the Clerk by Rep. Suzanne Ness
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