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<xml>
<title>Illinois General Assembly - Bill Status for HB 4129         </title>
<shortdesc>INC TX-TRAINING-JOBS CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Litesa E. Wallace-Lawrence Walsh, Jr., Martin J. Moylan, William Davis, Deb Conroy, Kathleen Willis and Brandon W. Phelps</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/224 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Provides that each business that enters into an agreement with a community college or area vocational center for employee training is entitled to an income tax credit for taxable years beginning during the term of the agreement if the taxpayer's average employee head count in the State during the taxable year exceeds its average employee head count in the State for the year immediately preceding the year in which the agreement was entered into by more than 10%. Provides that the credit shall be in an amount equal to 6% of the incremental income tax attributable to new employees during the taxable year. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/27/2015</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Litesa E. Wallace</action>
<statusdate>2/27/2015</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/27/2015</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/16/2015</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/20/2015</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/25/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Martin J. Moylan</action>
<statusdate>3/25/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. William Davis</action>
<statusdate>3/25/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Deb Conroy</action>
<statusdate>3/26/2015</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Lawrence Walsh, Jr.</action>
<statusdate>3/27/2015</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>4/20/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kathleen Willis</action>
<statusdate>4/21/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Brandon W. Phelps</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

