IL SB2398

Creates an income tax credit for Illinois businesses that increase average full-time employee head count by more than 20% in a taxable year compared to the immediately preceding year.

Credits equal 20% of the business's tax liability under the Illinois Income Tax Act (excluding withholding tax liability) for the taxable year.

Applies to taxable years ending on or after December 31, 2021.

Defines full-time employees as those working at least 35 hours per week or meeting industry standards for full-time employment.

Credit is exempt from the Act's automatic sunset provision and takes effect immediately upon becoming law.