Tax Break for New Hires

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

Has your small business (50 or fewer employees) created a new full time job between July 1, 2010 and June 30, 2011? If so, you still have time to receive a $2,500 per person tax credit. Please check out the attachment and link below to learn more about this tax credit, it is easy, fast and saves your business money.

John Whalen john.whalen@illinois.gov -309-663-7528

Tony Rolando anthony.rolando@illinois.gov -309-647-5896

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