Bill Sponsors: IL SB2490 | 2021-2022 | 102nd General Assembly

Bill Title: 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.

Spectrum: Slight Partisan Bill (Democrat 7-3)

Status: (Introduced) 2022-02-10 - Rule 3-9(a) / Re-referred to Assignments [SB2490 Detail]

Text: Latest bill text (Introduced) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Senator Ram Villivalam [D]PrimarySponsored BillsSD-008FollowTheMoneyBallotpediaVoteSmart
Senator Jason Barickman [R]CosponsorSponsored BillsSD-053FollowTheMoneyBallotpediaVoteSmart
Senator Sara Feigenholtz [D]CosponsorSponsored BillsSD-006FollowTheMoneyBallotpediaVoteSmart
Senator Laura Fine [D]CosponsorSponsored BillsSD-009FollowTheMoneyBallotpediaVoteSmart
Senator William Cunningham [D]CosponsorSponsored BillsSD-018FollowTheMoneyBallotpediaVoteSmart
Senator John Curran [R]CosponsorSponsored BillsSD-041FollowTheMoneyBallotpediaVoteSmart
Senator Dave Syverson [R]CosponsorSponsored BillsSD-035FollowTheMoneyBallotpediaVoteSmart
Senator Patricia Vanpelt-Watkins [D]CosponsorSponsored BillsSD-005FollowTheMoneyBallotpediaVoteSmart
Senator Laura Murphy [D]CosponsorSponsored BillsSD-028FollowTheMoneyBallotpediaVoteSmart
Senator Scott Bennett [D]CosponsorSponsored BillsSD-052FollowTheMoneyBallotpediaVoteSmart

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