Bill Sponsors: IL SB3498 | 2019-2020 | 101st General Assembly

Bill Title: Amends the Small Business Job Creation Tax Credit Act. Creates a second set of incentive periods beginning on July 1, 2020 and ending on June 30, 2026. Provides that the credit shall not exceed $5,000 per employee hired. Provides that the maximum amount of credits allowed is $75,000,000. Effective immediately.

Spectrum: Partisan Bill (Democrat 8-0)

Status: (Failed) 2021-01-13 - Session Sine Die [SB3498 Detail]

Text: Latest bill text (Introduced) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Senator Ram Villivalam [D]PrimarySponsored BillsSD-008FollowTheMoneyBallotpediaVoteSmart
Senator Antonio Munoz [D]CosponsorSponsored BillsSD-001FollowTheMoneyBallotpediaVoteSmart
Senator Terry Link [D]CosponsorSponsored BillsSD-030FollowTheMoneyBallotpediaVoteSmart
Senator Laura Murphy [D]CosponsorSponsored BillsSD-028FollowTheMoneyBallotpediaVoteSmart
Senator Michael Hastings [D]CosponsorSponsored BillsSD-019FollowTheMoneyBallotpediaVoteSmart
Senator Suzanne Glowiak Hilton [D]CosponsorSponsored BillsSD-023FollowTheMoneyBallotpediaVoteSmart
Senator Julie Morrison [D]CosponsorSponsored BillsSD-029FollowTheMoneyBallotpediaVoteSmart
Senator Cristina Castro [D]CosponsorSponsored BillsSD-022FollowTheMoneyBallotpediaVoteSmart

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