IllinoisHB1290104th General Assembly (2025–2026)House

INC TX-CORPORATE HIRING

Sponsored By: Dave Vella (Democratic)

In Committee

Summary

Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2026, each corporation that increases its average employee head count in the State by more than 10% over the corporation's average employee head count in the State in the immediately preceding taxable year is entitled to an income tax credit in an amount equal to 2% of the corporation's Illinois Income Tax liability for the taxable year.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Dave Vella

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    3/21/2025House
  2. To Income Tax Subcommittee

    2/25/2025House
  3. Assigned to Revenue & Finance Committee

    2/11/2025House
  4. Referred to Rules Committee

    1/28/2025House
  5. First Reading

    1/28/2025House
  6. Filed with the Clerk by Rep. Dave Vella

    1/13/2025House

Bill Text

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