HB3120 Summary: Employee Targeted Tax Credit Pilot Program Act

• Creates a tax credit program allowing businesses to claim $10,000-$15,000 annually per participant hired during the July 1, 2019 to June 30, 2024 incentive period, capped at $1.5 billion total credits through December 31, 2025.

• Establishes eligibility requirements: participants must be formerly incarcerated between January 1, 2009 and December 31, 2019, unemployed or earning below $30,000 annually before hire, and employed full-time (35+ hours/week) with minimum wage and benefits package.

• Limits pilot program to 20,000 total participants (10,000 newly released from prison and 10,000 released between 2009-2019), with participants required to maintain 24-month employment tenure to qualify for credits.

• Amends Illinois Unified Code of Corrections to eliminate mandatory minimum sentences for Class X, Class 1, Class 2, Class 3, and Class 4 felonies, and removes habitual criminal sentencing provisions requiring life imprisonment for repeat offenders.

• Act repeals December 31, 2027 and takes effect immediately upon becoming law.