IL HB3330

Amends the Illinois Income Tax Act to add a new tax credit for employers with fewer than 15 full-time employees.

Provides a $2,000 credit against withholding tax liability for each employee moved from part-time to full-time employment status who maintains full-time status for 12 consecutive calendar months.

Credit applies to amounts withheld on or after July 1, 2017 and cannot reduce tax liability below zero.

Excess credits may be carried forward to payments due within the following 12 calendar months, with earlier credits applied first.

Act takes effect immediately upon becoming law.