<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 4492         </title>
<shortdesc>INC TX-WITHHOLDING CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Maurice A. West, II and Jonathan "Yoni" Pizer</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/704A</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Creates a credit against withholding tax payments for employers with 250 or fewer full-time equivalent employees in an amount equal to a percentage of the compensation paid to qualified employees who received a raise from the employer.</SynopsisText></synopsis>
<actions>
<statusdate>2/4/2020</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Maurice A. West, II</action>
<statusdate>2/4/2020</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/4/2020</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/18/2020</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/27/2020</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>5/21/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jonathan "Yoni" Pizer</action>
<statusdate>6/23/2020</statusdate><chamber>House</chamber><action>Rule 19(b) / Re-referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

