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House OK's Tax Credit Meant to Create Jobs
SPRINGFIELD, Ill. (AP) -- The Illinois House has approved $50 million in tax breaks meant to help small businesses create jobs.

The tax break was proposed by Democratic Gov. Pat Quinn. His Republican opponent, Bill Brady, supports a similar plan.

The legislation applies to businesses with up to 50 employees. If a small business hires a new worker in the upcoming fiscal year, it can get a tax credit of $2,500.

The measure passed unanimously Wednesday and now goes to the Senate.

The bill is SB1578. On the Net: www.ilga.gov

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03 24 10 by Newsroom
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