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IL HB5080

Bill

Official Source

Status

Failed

1/8/2019

Primary Sponsor

Patricia Bellock

Click for details

Origin

House of Representatives

100th General Assembly

AI Summary

  • Creates a tax credit for taxpayers who employ a disabled individual for at least 27 weeks during the taxable year.
  • Credit amounts based on average weekly hours: $1,000 for at least 10 hours/week, $1,500 for at least 20 hours/week, or $3,000 for at least 40 hours/week.
  • Applies to taxable years ending on or after December 31, 2018 but on or before December 30, 2023.
  • Credit may not be carried forward or back and cannot reduce tax liability below zero.
  • Department of Revenue, in cooperation with Department of Human Services, must adopt rules defining "disabled individual" for credit eligibility purposes.

Legislative Description

INC TX-DISABLED EMPLYEE CREDIT

Last Action

Session Sine Die

1/8/2019

Committee Referrals

Rules4/13/2018
Income Tax3/8/2018
Revenue & Finance2/26/2018
Rules2/16/2018

Full Bill Text

No bill text available