Quinn Signs Bill Providing Tax Credits For New Hires

By aaroncynic in News on Jan 18, 2011 2:30PM

Rather than put a complete end to the Put Illinois To Work Program, Governor Quinn signed a law yesterday using it. Effective immediately, employers who hire a former trainee from the program before June 30, 2011 will receive a $2,500 tax credit. The credit is also available to small businesses with fewer than 50 total employees. Businesses hiring from the Put Illinois To Work program can claim half the $2,500 within six months of the hire and the rest after a full year.

Quinn said “This new law gives employers a strong incentive to continue providing good jobs for those who need it most.” New hires must receive no less than $10 an hour, at an annual rate of $18,200.