IL HB4608

Creates a tax credit for taxpayers operating a Youthbuild program in Illinois during the taxable year under the Illinois Income Tax Act.

Full-time employees (35+ hours/week) hired as eligible participants generate $500 credit per month for the first 6 months, plus an additional $1,000 if employment continues for another 6-month period.

Part-time employees (20-34 hours/week) hired as eligible participants generate $250 credit per month for the first 6 months, plus an additional $500 if employment continues for another 6-month period.

Excess credits exceeding the taxpayer's income tax liability for the year shall be refunded to the taxpayer.

Credit is exempt from the Illinois Income Tax Act's automatic sunset provision under Section 250.