INC TX-NEW EMPLOYEE CREDIT Senate SponsorsSen. Bill Brady 1/12/2011SenateSession Sine Die 35 ILCS 5/219 new35 ILCS 5/704AAmends the Illinois Income Tax Act. Creates an income tax credit for taxpayers, other than taxpayers that receive credits under the Economic Development for a Growing Economy Tax Credit Act, in an amount equal to $2,100 for each new employee who is (i) hired by the taxpayer on and after the effective date of the amendatory Act and (ii) employed by the taxpayer for a period of exactly 12 consecutive months at any point during the taxable year. Provides that all or a portion of the credit may be used as a credit against the taxpayer's withholding tax liability. Provides that the credit may be carried forward. Effective immediately. 2/9/2010SenateFiled with Secretary by Sen. Bill Brady 2/9/2010SenateFirst Reading 2/9/2010SenateReferred to Assignments 2/24/2010SenateAssigned to Commerce 3/5/2010SenateRule 2-10 Committee Deadline Established As March 19, 2010 3/19/2010SenateRule 3-9(a) / Re-referred to Assignments 1/12/2011SenateSession Sine Die