INC TX-TRAINING EXPENSE CREDIT Senate SponsorsSen. Kyle McCarter 1/12/2011SenateSession 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, 2010 and on or before December 30, 2020. Increases the amount of the credit from 1.6% of training expenses to 2% of training expenses. Provides that the training expense credit earned on or after December 31, 2010 may be carried forward. Effective immediately. 2/9/2010SenateFiled with Secretary by Sen. Kyle McCarter 2/9/2010SenateFirst Reading 2/9/2010SenateReferred to Assignments 2/24/2010SenateAssigned to Commerce 3/8/2010SenateRule 3-9(a) / Re-referred to Assignments 1/12/2011SenateSession Sine Die