SB1583 - INC TX-INTERNSHIP CREDIT
Illinois - 103rd General Assembly
Introduced byThomas M. Bennett, Sally J. Turner
Last updated over 1 year ago
2 Co-Sponsors
Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 10% of the stipend or salary paid by the taxpayer to up to (i) 5 qualified college interns or (ii) 5 qualified high school interns during the taxable year. Provides that no taxpayer may claim more than $5,000 in total credits under that Section for all taxable years combined. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.
STATUS
Introduced
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