SB2301 - Illinois: Grants, Liability, Tax

INC TX-HEALTHY WORKFORCE CR Amends the Illinois Income Tax Act. Creates an income tax credit for employers who pay costs in connection with a qualified wellness program. Provides that the amount of the credit is 50% of those costs per year up to $200 per employee for the first 200 employees and $100 per employee for the remaining employees. Sets forth the requirements for qualified wellness programs. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately. House Amendment No. 1 Deletes reference to: 35 ILCS 5/218 newAdds reference to:

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