Ronald A. Wait
Amends the Illinois Income Tax Act. Reinstates the training expense credit for tax years ending on or after December 31, 2010 and on or before December 30, 2020. 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, 2009 may be carried forward. Effective immediately.
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Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
Assigned to Revenue & Finance Committee
Added Chief Co-Sponsor Rep. John D. Cavaletto
Chief Sponsor Changed to Rep. Ronald A. Wait
Referred to Rules Committee
Filed with the Clerk by Rep. Tom Cross
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