Illinois Senate Bill 2071 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Creates the Transforming, Helping, and Reviving Illinois' Versatile Economy (THRIVE) Job Creation Tax Credit Act. Provides that the Department of Commerce and Economic Opportunity shall award an income tax credit to taxpayers that meet certain criteria. Contains job creation and capital investment requirements. Provides that the credit may not exceed 50% of the incremental income tax attributable to the applicant's project. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

INC TX-THRIVE TAX CREDIT

Sen. Bill Brady [R]

Sen. Melinda Bush [D]

Sen. Karen McConnaughay [R]

Sen. Cristina Castro [D]

Date	Chamber	Action
2019-01-09	Senate	Session Sine Die
2018-09-30	Senate	Chief Sponsor Changed to Sen. William E. Brady
2017-05-05	Senate	Rule 3-9(a) / Re-referred to Assignments
2017-04-07	Senate	Rule 2-10 Committee Deadline Established As May 5, 2017
2017-04-06	Senate	Postponed - Revenue
2017-03-17	Senate	Rule 2-10 Committee Deadline Established As April 7, 2017
2017-03-16	Senate	Postponed - Revenue
2017-03-15	Senate	Added as Chief Co-Sponsor Sen. Karen McConnaughay
2017-03-09	Senate	Postponed - Revenue
2017-02-28	Senate	Assigned to Revenue
2017-02-14	Senate	Added as Co-Sponsor Sen. Cristina Castro
2017-02-14	Senate	Added as Chief Co-Sponsor Sen. Melinda Bush
2017-02-10	Senate	Referred to Assignments
2017-02-10	Senate	First Reading
2017-02-10	Senate	Filed with Secretary by Sen. Pamela J. Althoff

Chapter	Article	Section	Citation Type	Statute Text
35	5	224	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2071&GAID=14&DocTypeID=SB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/SB/10000SB2071.htm