INC TX-INTERNSHIP CREDIT

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 10% of the stipend or salary paid by the taxpayer to up to (i) 5 qualified college interns or (ii) 5 qualified high school interns during the taxable year. Provides that no taxpayer may claim more than $5,000 in total credits under the provision for all taxable years combined. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Every action

9 steps, oldest first, as the legislature records them.

1. Feb 8, 2023SenateFiled with Secretary by Sen. Tom Bennett
2. Feb 8, 2023SenateFirst Reading
3. Feb 8, 2023CommitteeReferred to Assignments · Senate Assignments
4. Feb 14, 2023CommitteeAssigned to Revenue · Senate Revenue
5. Mar 10, 2023CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
6. Jan 10, 2024CommitteeRe-assigned to Revenue · Senate Revenue
7. Jan 10, 2024SenateAdded as Co-Sponsor Sen. Sally J. Turner
8. Mar 15, 2024CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
9. Jan 7, 2025SenateSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 1 cosponsor: 1 Republican.

• Tom BennettR Primary sponsor · District 53