INC TX-PROFIT SHARING House SponsorsRep. John Cavaletto 1/10/2017HouseSession Sine Die 35 ILCS 5/224 new Amends the Illinois Income Tax Act. Provides that each employer that enters into a profit-sharing agreement with its employees is entitled to a credit in an amount equal to 25% of the distributions made to the employee during the taxable year under the terms of the agreement. Provides that the credit may be carried forward. Provides that the credit is exempt from the Act's automatic sunset provision. 2/9/2016HouseFiled with the Clerk by Rep. John Cavaletto 2/10/2016HouseFirst Reading 2/10/2016HouseReferred to Rules Committee 1/10/2017HouseSession Sine Die