IL HB0399

Establishes a tax credit for taxpayers equal to 10% of stipends or salaries paid to qualified college interns, effective for tax years ending on or after December 31, 2017.

Limits the credit to up to 5 interns per year and caps total credits at $3,000 across all taxable years combined.

Defines "qualified college intern" as an enrolled student in higher education or vocational technical program who is pursuing a degree/certification related to their work, taking the internship for academic credit, supervised by the taxpayer, and working in Illinois.

Credit cannot reduce tax liability below zero and excess credits cannot be carried forward or back to other tax years.

Credit is exempt from sunset provisions and takes effect immediately upon enactment.