IL HB5757 | 2017-2018 | 100th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 10-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 10-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Creates an income tax credit for an Illinois business that increases its average full-time employee head count in the State for the taxable year by more than 20% over its average full-time employee head count in the State for the immediately preceding taxable year. Provides that the amount of the credit is 20% of its tax liability under this Act (other than its withholding tax liability) for the taxable year. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.
Title
INC TX-HEAD COUNT CREDIT
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-01-08 | House | Session Sine Die |
2018-05-16 | House | Added Co-Sponsor Rep. Justin Slaughter |
2018-05-14 | House | Fiscal Note Filed |
2018-04-27 | House | Rule 19(a) / Re-referred to Rules Committee |
2018-04-26 | House | Held on Calendar Order of Second Reading - Short Debate |
2018-04-26 | House | Second Reading - Short Debate |
2018-04-23 | House | Held on Calendar Order of Second Reading - Short Debate |
2018-04-23 | House | Second Reading - Short Debate |
2018-04-19 | House | Added Co-Sponsor Rep. Michelle Mussman |
2018-04-16 | House | Fiscal Note Requested by Rep. Tom Demmer |
2018-04-16 | House | Added Co-Sponsor Rep. Sam Yingling |
2018-04-16 | House | Added Co-Sponsor Rep. Sue Scherer |
2018-04-16 | House | Added Co-Sponsor Rep. Martin J. Moylan |
2018-04-16 | House | Added Co-Sponsor Rep. Katie Stuart |
2018-04-16 | House | Added Co-Sponsor Rep. Deb Conroy |
2018-04-16 | House | Added Co-Sponsor Rep. Jerry Costello, II |
2018-04-16 | House | Added Co-Sponsor Rep. Natalie Phelps Finnie |
2018-04-13 | House | Placed on Calendar 2nd Reading - Short Debate |
2018-04-11 | House | Do Pass / Short Debate Revenue & Finance Committee; 007-004-000 |
2018-03-21 | House | Assigned to Revenue & Finance Committee |
2018-02-16 | House | Referred to Rules Committee |
2018-02-16 | House | First Reading |
2018-02-16 | House | Filed with the Clerk by Rep. Monica Bristow |
Code Citations
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5757&GAID=14&DocTypeID=HB&SessionID=91&GA=100 |
Text | https://www.ilga.gov/legislation/100/HB/10000HB5757.htm |