<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 345          </title>
<shortdesc>INC TX-TRAINING EXPENSE</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. David B. Reis-Dwight Kay</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</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, 2015 and prior to December 31, 2025. 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, 2015 may be carried forward. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/28/2015</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. David B. Reis</action>
<statusdate>1/28/2015</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/28/2015</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/6/2015</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Dwight Kay</action>
<statusdate>2/13/2015</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/20/2015</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/27/2015</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

