SB2501sam001 100TH GENERAL ASSEMBLY

Sen. Jennifer Bertino-Tarrant

Filed: 4/6/2018

10000SB2501sam001 LRB100 15931 HLH 37937 a

AMENDMENT TO SENATE BILL 2501

AMENDMENT NO. ______. Amend Senate Bill 2501 on page 1, line 15, by replacing "employer" with "taxpayer"; and

on page 1, immediately below line 17, by inserting the following:

"If the taxpayer is a partnership or Subchapter S corporation, the credit shall be allowed to the partners or shareholders in accordance with the determination of income and distributive share of income under Sections 702 and 704 and Subchapter S of the Internal Revenue Code."; and

by replacing everything from line 20 on page 1 through line 17 on page 2 with the following:

"(c) The taxpayer shall provide the Department such information as the Department may require, including but not limited to: (i) the name, age, and taxpayer identification number of each qualifying apprentice employed by the taxpayer during the taxable year; (ii) the amount of qualified education expenses incurred with respect to each qualifying apprentice; and (iii) the name of the school at which the qualifying apprentice is enrolled and the qualified education expenses are incurred.

(d) For purposes of this Section:

"Employer" means an Illinois taxpayer who is the employer of the qualifying apprentice.

"Qualifying apprentices" means individuals who (i) are residents of the State of Illinois, (ii) are between the ages of 16 and 30 years old at the close of the school year for which a credit is sought, (iii) during the school year for which a credit is sought were full-time apprentices enrolled in an apprenticeship program which is registered with the United States Department of Labor, Office of Apprenticeship, and (iv) are employed in Illinois by the taxpayer who is the employer.

"Qualified education expense" means the amount incurred on behalf of a qualifying apprentice not to exceed $3,500 for tuition, book fees, and lab fees at the school or community college in which the apprentice is enrolled during the regular school year.

"School" means any public or nonpublic secondary school in Illinois that is: (i) an institution of higher education that provides a program that leads to an industry-recognized postsecondary credential or degree; (ii) an entity that carries out programs registered under the federal National Apprenticeship Act; or (iii) another public or private provider of a program of training services, which may include a joint labor-management organization.".