IL SB3874 | 2019-2020 | 101st General Assembly

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who employ individuals working within the engineering sector who graduated from an accredited institution of higher learning with a Bachelor's degree or higher. Provides that the credit shall be equal to 10% of the compensation paid for the first through fifth years of employment in the engineering sector if the qualified employee graduated from an institution located in Illinois or 5% of the compensation paid for the first through fifth years of employment in the engineering sector if the qualified employee graduated from an institution not located in Illinois. Effective immediately.

Tracking Information

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Title

INC TX-ENGINEERING STUDENTS

Sponsors


History

DateChamberAction
2021-01-13SenateSession Sine Die
2020-06-24SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
2020-05-27SenateSenate Floor Amendment No. 1 Referred to Assignments
2020-05-27SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Ram Villivalam
2020-05-24SenatePlaced on Calendar Order of 2nd Reading November 17, 2020
2020-05-24SenateApproved for Consideration Assignments
2020-05-24SenateRule 2-10(a) Third Reading Deadline Established As June 23, 2020
2020-05-15SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020
2020-05-07SenateRule 2-10 Third Reading/Passage Deadline Established As May 29, 2020
2020-05-07SenateRule 2-10 Committee Deadline Established As May 22, 2020
2020-04-30SenateRule 2-10 Third Reading/Passage Deadline Established As May 22, 2020
2020-04-30SenateRule 2-10 Committee Deadline Established As May 15, 2020
2020-04-23SenateRule 2-10 Third Reading/Passage Deadline Established As May 15, 2020
2020-04-23SenateRule 2-10 Committee Deadline Established As May 7, 2020
2020-04-16SenateRule 2-10 Committee Deadline Established As April 30, 2020
2020-04-12SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
2020-03-25SenateRule 2-10 Third Reading/Passage Deadline Established As May 7, 2020
2020-03-25SenateRule 2-10 Committee Deadline Established As April 24, 2020
2020-03-18SenateRule 2-10 Committee Deadline Established As April 2, 2020
2020-03-12SenateAssigned to Revenue
2020-03-04SenateAdded as Chief Co-Sponsor Sen. Christopher Belt
2020-03-03SenateAdded as Co-Sponsor Sen. Jason A. Barickman
2020-02-27SenateAdded as Co-Sponsor Sen. David Koehler
2020-02-25SenateAdded as Chief Co-Sponsor Sen. Melinda Bush
2020-02-18SenateAdded as Chief Co-Sponsor Sen. Donald P. DeWitte
2020-02-14SenateReferred to Assignments
2020-02-14SenateFirst Reading
2020-02-14SenateFiled with Secretary by Sen. Ram Villivalam

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355232New CodeSee Bill Text

Illinois State Sources


Bill Comments

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