IL SB3498 | 2019-2020 | 101st General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 8-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Small Business Job Creation Tax Credit Act. Creates a second set of incentive periods beginning on July 1, 2020 and ending on June 30, 2026. Provides that the credit shall not exceed $5,000 per employee hired. Provides that the maximum amount of credits allowed is $75,000,000. Effective immediately.

Tracking Information

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Title

SMALL BUSINESS-INCENTIVE

Sponsors


History

DateChamberAction
2021-01-13SenateSession Sine Die
2020-05-15SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020
2020-05-07SenateRule 2-10 Third Reading/Passage Deadline Established As May 29, 2020
2020-05-07SenateRule 2-10 Committee Deadline Established As May 22, 2020
2020-04-30SenateRule 2-10 Third Reading/Passage Deadline Established As May 22, 2020
2020-04-30SenateRule 2-10 Committee Deadline Established As May 15, 2020
2020-04-23SenateRule 2-10 Third Reading/Passage Deadline Established As May 15, 2020
2020-04-23SenateRule 2-10 Committee Deadline Established As May 7, 2020
2020-04-16SenateRule 2-10 Committee Deadline Established As April 30, 2020
2020-04-12SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
2020-03-25SenateRule 2-10 Third Reading/Passage Deadline Established As May 7, 2020
2020-03-25SenateRule 2-10 Committee Deadline Established As April 24, 2020
2020-03-18SenateRule 2-10 Committee Deadline Established As April 2, 2020
2020-03-05SenateAdded as Co-Sponsor Sen. Cristina Castro
2020-03-05SenateAdded as Co-Sponsor Sen. Julie A. Morrison
2020-03-04SenateTo Subcommittee on Tax Exemptions and Credits
2020-02-28SenateAdded as Co-Sponsor Sen. Suzy Glowiak Hilton
2020-02-27SenateAdded as Co-Sponsor Sen. Michael E. Hastings
2020-02-27SenateAdded as Co-Sponsor Sen. Laura M. Murphy
2020-02-26SenateAdded as Co-Sponsor Sen. Terry Link
2020-02-26SenateAdded as Co-Sponsor Sen. Antonio Muñoz
2020-02-25SenateAssigned to Revenue
2020-02-14SenateReferred to Assignments
2020-02-14SenateFirst Reading
2020-02-14SenateFiled with Secretary by Sen. Ram Villivalam

Code Citations

ChapterArticleSectionCitation TypeStatute Text
352510Amended CodeCitation Text
352525Amended CodeCitation Text
352530Amended CodeCitation Text
352535Amended CodeCitation Text
35255Amended CodeCitation Text

Illinois State Sources


Bill Comments

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