INC TX-CREDIT FOR NEW HIRES Senate SponsorsSen. Carole Pankau 1/8/2013SenateSession Sine Die 35 ILCS 5/223 newAmends the Illinois Income Tax Act. Creates a credit in an amount equal to: (i) 100% of the cost of unemployment insurance and worker's compensation paid during the taxable year for each employee hired by the taxpayer during the taxable year and (ii) 50% of the cost of unemployment insurance and worker's compensation paid during the taxable year for each employee hired by the taxpayer during the previous taxable year. Effective immediately. 2/7/2012SenateFiled with Secretary by Sen. Carole Pankau 2/7/2012SenateFirst Reading 2/7/2012SenateReferred to Assignments 2/17/2012SenateAssigned to Revenue 3/1/2012SenateTo Revenue Subcommittee on Tax Credits 3/9/2012SenateRule 2-10 Committee Deadline Established As March 30, 2012 3/30/2012SenateRule 3-9(a) / Re-referred to Assignments 1/8/2013SenateSession Sine Die