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<xml>
<title>Illinois General Assembly - Bill Status for HB 5801   </title>
<shortdesc>INC TX-TRAINING EXPENSE CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Wayne Rosenthal-Jason Barickman-Sidney H. Mathias-Mike Bost-Jil Tracy</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/201</reference><aliasreference>from Ch. 120, par. 2-201</aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Reinstates the training expense credit for tax years ending on or after December 31, 2012 and on or before December 30, 2022. 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, 2012 may be carried forward. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Wayne Rosenthal</action>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/28/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Jason Barickman</action>
<statusdate>2/28/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Sidney H. Mathias</action>
<statusdate>2/28/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Mike Bost</action>
<statusdate>2/28/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Jil Tracy</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

