Illinois Senate Bill 2490 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 7-3)
Status: Introduced on February 26 2021 - 25% progression, died in committee
Action: 2022-02-10 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Creates an income tax credit for an employer who hires a qualified employee to work at a location in the State. Sets forth the amount of the credit. Provides that the credit shall be increased if (i) the qualified employee is hired to work at a location in a disproportionately impacted area or (ii) on the date the qualified employee is hired, the qualified employee resides in a disproportionately impacted area. Limits the total amount of income tax credits that the Department of Commerce and Economic Opportunity may issue over the duration of the program. Provides that the term "qualified employee" means a resident of the State who is hired by the taxpayer to fill a full-time net new job and was unemployed as a result of COVID-19 prior to the date he or she was hired by the taxpayer. Provides that the term "qualified employee" does not include an individual who was furloughed by the taxpayer. Effective immediately.

INCOME TAX-EMPLOYMENT CREDIT

Sen. Ram Villivalam [D]	Sen. Jason Barickman [R]	Sen. Sara Feigenholtz [D]	Sen. Laura Fine [D]
Sen. William Cunningham [D]	Sen. John Curran [R]	Sen. Dave Syverson [R]	Sen. Patricia Van Pelt [D]
Sen. Laura Murphy [D]	Sen. Scott Bennett [D]

Date	Chamber	Action
2022-02-10	Senate	Rule 3-9(a) / Re-referred to Assignments
2022-01-05	Senate	Re-assigned to Revenue
2021-05-18	Senate	Added as Co-Sponsor Sen. Scott M. Bennett
2021-04-20	Senate	Added as Co-Sponsor Sen. Laura M. Murphy
2021-04-20	Senate	Added as Chief Co-Sponsor Sen. Jason A. Barickman
2021-04-16	Senate	Rule 3-9(a) / Re-referred to Assignments
2021-04-13	Senate	Added as Co-Sponsor Sen. Patricia Van Pelt
2021-04-13	Senate	Added as Co-Sponsor Sen. Dave Syverson
2021-04-08	Senate	Added as Co-Sponsor Sen. John F. Curran
2021-04-06	Senate	Added as Co-Sponsor Sen. Bill Cunningham
2021-03-29	Senate	Added as Co-Sponsor Sen. Laura Fine
2021-03-23	Senate	Assigned to Revenue
2021-03-18	Senate	Added as Co-Sponsor Sen. Sara Feigenholtz
2021-02-26	Senate	Referred to Assignments
2021-02-26	Senate	First Reading
2021-02-26	Senate	Filed with Secretary by Sen. Ram Villivalam

Chapter	Article	Section	Citation Type	Statute Text
35	5	232	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2490&GAID=16&DocTypeID=SB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/SB/10200SB2490.htm