Illinois Senate Bill 3194 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Creates the Hire Illinois Tax Credit. Provides that a business is eligible for a $500 tax credit against its withholding tax liability for each recent graduate of a public university in the State who is hired by the taxpayer within the incentive period and retained by the taxpayer for 12 consecutive months. Provides that the $500 tax credit may be taken in both the year the qualified employee is hired and for each year of the next 4 years the qualified employee is retained by the taxpayer for 12 consecutive months. Provides 2 ways the taxpayer may take the $500 tax credit. Provides that the Department of Commerce and Economic Opportunity shall limit the monetary amount of these tax credits to $25,000,000. Provides for procedures for a business to apply for a certificate of eligibility for the credit and for procedures to apply for a tax credit certificate. Grants the Department of Commerce and Economic Opportunity the powers necessary or convenient to administer the tax credit. Effective immediately.

INC TX-HIRE ILLINOIS CREDIT

Sen. Paul Schimpf [R]

Sen. Pamela Althoff [R]

Sen. Scott Bennett [D]

Date	Chamber	Action
2019-01-09	Senate	Session Sine Die
2018-05-03	Senate	Rule 3-9(a) / Re-referred to Assignments
2018-04-27	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 3, 2018
2018-04-13	Senate	Rule 2-10 Committee Deadline Established As April 27, 2018
2018-03-01	Senate	Added as Co-Sponsor Sen. Scott M. Bennett
2018-02-27	Senate	Assigned to Revenue
2018-02-27	Senate	Added as Chief Co-Sponsor Sen. Pamela J. Althoff
2018-02-16	Senate	Referred to Assignments
2018-02-16	Senate	First Reading
2018-02-16	Senate	Filed with Secretary by Sen. Paul Schimpf

Chapter	Article	Section	Citation Type	Statute Text
35	5	227	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3194&GAID=14&DocTypeID=SB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/SB/10000SB3194.htm