Tax credit for creating jobs

Illinois employers have a few months remaining to take advantage of the Illinois Small Business Job Creation Tax Credit, which gives businesses and nonprofits a break for putting people back to work.

Until June 30, businesses and nonprofits may be eligible for a $2,500 credit against withholding taxes, depending on who they hire.

Small businesses and nonprofits with fewer than 50 employees may be eligible for the credit for any position they create between July 1, 2010, and June 30, 2011. The position must pay at least $10 per hour, or the equivalent of $18,200 annually.

Any business or nonprofit may be eligible for the credit if they hire a former worker-trainee from the 2010 “Put Illinois to Work” program. Last year, more than 26,000 people received on-the-job training through the program.

For more information and to register each new job, visit http://jobstaxcredit.illinois.gov.