Bill Title: Amends the Illinois Income Tax Act. Provides that a taxpayer conducting a trade or business in an enterprise zone or a High Impact Business designated by the Department of Commerce and Economic Opportunity or, for taxable years ending on or after December 31, 2006, in a River Edge Redevelopment Zone conducting a trade or business in a federally designated Foreign Trade Zone or Sub-Zone shall be allowed a credit in the amount of (i) $1,000 per eligible employee hired to work in the zone during taxable years ending after December 31, 2009 and ending on or before December 31, 2012 and (ii) $500 per eligible employee hired to work in the zone during taxable years ending after December 31, 2012 (now $500 per eligible employee in each taxable year). Effective immediately.

Spectrum: Partisan Bill (Democrat 13-0)

Status: (Passed) 2010-07-01 - Public Act . . . . . . . . . 96-0959 [SB3662 Detail]

Text: Latest bill text (Enrolled) [HTML]

---

Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
Senate	Concurrence in Senate	2010-05-27	33	23	3	0	59	Passed	Link	View
Senate	Concurrence in Senate	2010-05-27	33	23	3	0	59	Passed	Link	View
House	Third Reading in House	2010-05-25	69	48	0	0	117	Passed	Link	View
Senate	Third Reading in Senate	2010-03-17	55	0	4	0	59	Passed	Link	View

Social Comments on IL SB3662