INC TX-TRAINING EXPENSE CREDIT Senate SponsorsSen. Linda Holmes, Michael W. Frerichs, Michael Bond, Gary Forby, John O. Jones, Larry K. Bomke, J. Bradley Burzynski, Carole Pankau, Tim Bivins and Frank C. Watson House Sponsors(Rep. Ronald A. Wait-Tom Cross) 1/13/2009SenateSession Sine Die 35 ILCS 5/201from Ch. 120, par. 2-201Amends the Illinois Income Tax Act. Reinstates the training expense credit for tax years ending on or after December 31, 2009 and on or before December 30, 2019. Increases the amount of the credit from 1.6% of training expenses to 2% of training expenses. Effective immediately.Senate Floor Amendment No. 1 Provides that the training expense credit earned on or after December 31, 2009 may be carried forward. 2/15/2008SenateFiled with Secretary by Sen. Linda Holmes 2/15/2008SenateFirst Reading 2/15/2008SenateReferred to Rules 2/28/2008SenateAdded as Co-Sponsor Sen. Michael W. Frerichs 2/28/2008SenateAssigned to Revenue 2/28/2008SenateAdded as Co-Sponsor Sen. Michael Bond 3/6/2008SenateAdded as Co-Sponsor Sen. Gary Forby 3/6/2008SenateDo Pass Revenue; 008-000-000 3/6/2008SenatePlaced on Calendar Order of 2nd Reading March 11, 2008 3/13/2008SenateSecond Reading 3/13/2008SenatePlaced on Calendar Order of 3rd Reading April 1, 2008 4/1/2008SenateAdded as Co-Sponsor Sen. John O. Jones 4/1/2008SenateAdded as Co-Sponsor Sen. Larry K. Bomke 4/1/2008SenateAdded as Co-Sponsor Sen. J. Bradley Burzynski 4/1/2008SenateAdded as Co-Sponsor Sen. Carole Pankau 4/3/2008SenateAdded as Co-Sponsor Sen. Tim Bivins 4/3/2008SenateAdded as Co-Sponsor Sen. Frank C. Watson 4/8/2008SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Linda Holmes 4/8/2008SenateSenate Floor Amendment No. 1 Referred to Rules 4/9/2008SenateSenate Floor Amendment No. 1 Rules Refers to Revenue 4/10/2008SenateSenate Floor Amendment No. 1 Recommend Do Adopt Revenue; 009-000-000 4/17/2008SenateRecalled to Second Reading 4/17/2008SenateSenate Floor Amendment No. 1 Adopted; Holmes 4/17/2008SenatePlaced on Calendar Order of 3rd Reading 4/17/2008SenateThird Reading - Passed; 055-000-000 4/18/2008HouseArrived in House 4/18/2008HousePlaced on Calendar Order of First Reading 4/18/2008HouseChief House Sponsor Rep. Ronald A. Wait 4/24/2008HouseFirst Reading 4/24/2008HouseReferred to Rules Committee 5/6/2008HouseAssigned to Revenue Committee 5/7/2008HouseAdded Alternate Chief Co-Sponsor Rep. Tom Cross 5/9/2008HouseCommittee Deadline Extended-Rule 9(b) May 23, 2008 5/23/2008HouseFinal Action Deadline Extended-9(b) May 31, 2008 5/31/2008HouseRule 19(a) / Re-referred to Rules Committee 1/13/2009SenateSession Sine Die