IL SB3390 | 2011-2012 | 97th General Assembly

Illinois Senate Bill 3390 (Prior Session Legislation)

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Creates a credit in an amount equal to: (i) 100% of the cost of unemployment insurance and worker's compensation paid during the taxable year for each employee hired by the taxpayer during the taxable year and (ii) 50% of the cost of unemployment insurance and worker's compensation paid during the taxable year for each employee hired by the taxpayer during the previous taxable year. Effective immediately.

Title

INC TX-CREDIT FOR NEW HIRES

History

Date	Chamber	Action
2013-01-08	Senate	Session Sine Die
2012-03-30	Senate	Rule 3-9(a) / Re-referred to Assignments
2012-03-09	Senate	Rule 2-10 Committee Deadline Established As March 30, 2012
2012-03-01	Senate	To Revenue Subcommittee on Tax Credits
2012-02-17	Senate	Assigned to Revenue
2012-02-07	Senate	Referred to Assignments
2012-02-07	Senate	First Reading
2012-02-07	Senate	Filed with Secretary by Sen. Carole Pankau

Code Citations

Chapter	Article	Section	Citation Type	Statute Text
35	5	223	New Code	See Bill Text

Illinois State Sources

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3390&GAID=11&DocTypeID=SB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/SB/09700SB3390.htm