"Put Illinois to Work" Program continues through June 30, 2011.

04/27/2011

When your business creates a new position and hires a new full time employee with a salary of $10.00 per hour or more, your company can receive a $2,500 Illinois Tax Credit.

Small businesses (50 or fewer employees) still have time to save $2,500 per person when they hire a new full time employee. Please check out these attachments and link below to learn more about this tax credit, it is easy, fast and saves your business money.

Why not learn more today and take advantage of this great opportunity. For more information check out the bullet points below and visit the web site

Dr. Edward Piatt - ed.piatt@illinois.gov - 312 636-0739
Link to website--http://jobstaxcredit.illinois.gov


Tax Break for Illinois Small Business EXPANDED
Eligible wage now $10/hr; Encourages hire of "Put Illinois to Work-ers
Businesses Hiring Put Illinois to Work-ers
- Any-size business that hires a participant in 2010 "Put Illinois to Work program
Eligible Jobs
- Position filled by 2010 "Put Illinois to Work" worker-trainee
- Created between 7/1/10 - 6/30/11
- Position pays no less than $10/hour or equivalent with minimum $18,200 annually.
- Position sustained for at least one year.
- Withholding tax goes to Illinois.
- Hourly or full-time, but not partners or independent contractors.

Tax Credits
- Certificate at six months and one year
Small Businesses
- Eligible if, as of June 30, 2010, you employed 50 or fewer full-time employees (counting all locations)

Eligible Jobs
- Created between 7/1/10 - 6/30/11
- Position pays no less than $10/hour or equivalent with minimum $18,200 annually.
- Position sustained for at least one year (not necessarily held by the same individual for the year).
- Withholding tax goes to Illinois.
- Hourly or full-time, but not partners or independent contractors.

Tax Credits
- Certificate after one year
- Business owners can go online and register for their tax credits, provide
substantiating data, and print out their credit certificates, without ever having to leave their office. This law gives employers a strong incentive to continue providing good jobs for workers who need it most.
- Governor Pat Quinn

Visit http://JobsTaxCredit.illinois.gov
Email JobsTaxCreditProgram@illinois.gov
Call (800) 252-2923


Get E-Newsletter

Sign Up For your District 60 E-Newsletter

Email: