INC TX-EMPLOYEE CREDIT House SponsorsRep. Lawrence Walsh, Jr., Martin J. Moylan, Ed Sullivan, Litesa E. Wallace, Mike Smiddy, Stephanie A. Kifowit, Sue Scherer, Natalie A. Manley, Carol Ammons, Pamela Reaves-Harris, Monique D. Davis, Kenneth Dunkin, Sam Yingling, Al Riley, Anthony DeLuca, Patrick J. Verschoore, Deb Conroy and Andrew F Skoog 1/10/2017HouseSession Sine Die 35 ILCS 5/224 new Amends the Illinois Income Tax Act. Provides that each taxpayer who employs a long-term unemployed person during the taxable year is entitled to an income tax credit of: (1) $500 in the taxable year in which the long-term unemployed person is initially hired by the taxpayer; (2) $750 in the first taxable year after the long-term unemployed person is initially hired by the taxpayer; and (3) $1,250 in the second taxable year after the long-term unemployed person is initially hired by the taxpayer. Provides that the credit for individuals who are employed by the taxpayer for a partial year shall be calculated based on the number of weeks of employment. Provides that the credit may be carried forward. Provides that the term "long-term unemployed person" means a person who was unemployed for a period of at least 27 consecutive weeks ending on the Saturday immediately preceding the date he or she was hired by the taxpayer, was an Illinois resident on the date he or she was hired by the taxpayer, is employed by the taxpayer during the taxable year as a full-time employee, and was not enrolled as a full-time student at a public or private high school, community college, or university at any point during the 27-week period immediately preceding the date he or she was hired by the taxpayer. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately. 1/14/2015HouseFiled with the Clerk by Rep. Lawrence Walsh, Jr. 1/14/2015HouseFirst Reading 1/14/2015HouseReferred to Rules Committee 2/3/2015HouseAssigned to Revenue & Finance Committee 2/11/2015HouseAdded Co-Sponsor Rep. Martin J. Moylan 2/11/2015HouseAdded Co-Sponsor Rep. Ed Sullivan 2/17/2015HouseAdded Co-Sponsor Rep. Litesa E. Wallace 2/17/2015HouseAdded Co-Sponsor Rep. Mike Smiddy 2/19/2015HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit 2/19/2015HouseAdded Co-Sponsor Rep. Sue Scherer 2/20/2015HouseTo Income Tax Subcommittee 2/23/2015HouseAdded Co-Sponsor Rep. Natalie A. Manley 2/24/2015HouseAdded Co-Sponsor Rep. Carol Ammons 2/26/2015HouseAdded Co-Sponsor Rep. Pamela Reaves-Harris 3/3/2015HouseAdded Co-Sponsor Rep. Monique D. Davis 3/4/2015HouseAdded Co-Sponsor Rep. Kenneth Dunkin 3/6/2015HouseAdded Co-Sponsor Rep. Sam Yingling 3/6/2015HouseAdded Co-Sponsor Rep. Al Riley 3/12/2015HouseAdded Co-Sponsor Rep. Anthony DeLuca 3/18/2015HouseAdded Co-Sponsor Rep. Patrick J. Verschoore 3/25/2015HouseAdded Co-Sponsor Rep. Deb Conroy 3/27/2015HouseRule 19(a) / Re-referred to Rules Committee 1/4/2016HouseAdded Co-Sponsor Rep. Andrew F Skoog 1/10/2017HouseSession Sine Die