HB5470 amends Illinois tax laws, creating credits for investments in clean water infrastructure and workforce development.
HB5470 amends the Illinois Income Tax Act to create a Clean Water Workforce Pipeline Program. This program provides grants and other financial assistance to train residents in water infrastructure jobs. It also establishes tax credits for investments in clean water infrastructure and apprenticeship education expenses. The bill further modifies the Illinois Enterprise Zone Act to allow credits for investments in qualified new business ventures. These credits are limited to certain populations and geographic areas.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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