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, 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.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2009
Committee Review
Floor Vote
Governor
Introduced Feb 23, 2009
Last action Jan 11, 2011
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
0
Committee
3
Jan 11, 2011
House · Failed
Session Sine Die
Mar 13, 2009
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Mar 3, 2009
House · Referred to committee
Assigned to Revenue & Finance Committee
Feb 24, 2009
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Ronald A. Wait
RRepublican
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