IL SB3153 | 2017-2018 | 100th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 4-0)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Small Business Job Creation Tax Credit Act. Renews the program for incentive periods beginning on or after July 1, 2018 and ending on or before June 30, 2025. Removes language concerning the Put Illinois to Work Program for the second series of incentive periods. Provides that the term "full-time employee" means an individual who is employed for a basic wage for at least 35 hours each week (currently, employed for a basic wage for at least 35 hours each week or renders any other standard of service generally accepted by industry custom or practice as full-time employment). Provides that a net increase in the number of full-time Illinois employees shall be treated as continuous if a different new employee is hired as a replacement within 8 weeks after the position becomes vacant (currently, a reasonable time). Effective immediately.

Tracking Information

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Title

SMALL BUSINESS TAX CREDIT

Sponsors


History

DateChamberAction
2019-01-09SenateSession Sine Die
2018-05-02SenateAdded as Chief Co-Sponsor Sen. Patricia Van Pelt
2018-04-27SenateRule 3-9(a) / Re-referred to Assignments
2018-04-18SenateAdded as Chief Co-Sponsor Sen. Cristina Castro
2018-04-13SenateRule 2-10 Committee Deadline Established As April 27, 2018
2018-04-10SenateAdded as Co-Sponsor Sen. Omar Aquino
2018-02-27SenateAssigned to Revenue
2018-02-16SenateReferred to Assignments
2018-02-16SenateFirst Reading
2018-02-16SenateFiled with Secretary by Sen. Julie A. Morrison

Code Citations

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

Illinois State Sources


Bill Comments

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