<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 1583         </title>
<shortdesc>INC TX-INTERNSHIP CREDIT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Tom Bennett and Sally J. Turner</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/234 new</reference><aliasreference></aliasreference><SynopsisText>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.</SynopsisText></synopsis>
<actions>
<statusdate>2/8/2023</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Tom Bennett</action>
<statusdate>2/8/2023</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/8/2023</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/14/2023</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/10/2023</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/10/2024</statusdate><chamber>Senate</chamber><action>Re-assigned to Revenue</action>
<statusdate>1/10/2024</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Sally J. Turner</action>
<statusdate>3/15/2024</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

