IL HB2735 | 2019-2020 | 101st General Assembly

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on February 14 2019 - 25% progression, died in committee
Action: 2020-05-22 - Added Co-Sponsor Rep. Jonathan "Yoni" Pizer
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Small Business Job Creation Tax Credit Act. Renews the program for incentive periods beginning on or after July 1, 2018 and ending on or before June 30, 2025. Removes language concerning the Put Illinois to Work Program for the second series of incentive periods. Provides that the term "full-time employee" means an individual who is employed for a basic wage for at least 35 hours each week (currently, employed for a basic wage for at least 35 hours each week or renders any other standard of service generally accepted by industry custom or practice as full-time employment). Provides that a net increase in the number of full-time Illinois employees shall be treated as continuous if a different new employee is hired as a replacement within 8 weeks after the position becomes vacant (currently, a reasonable time). Effective immediately.

Tracking Information

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Title

SMALL BUSINESS TAX CREDIT

Sponsors


History

DateChamberAction
2020-05-22HouseAdded Co-Sponsor Rep. Jonathan "Yoni" Pizer
2019-04-04HouseAdded Chief Co-Sponsor Rep. Karina Villa
2019-03-29HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
2019-03-29HouseRule 19(a) / Re-referred to Rules Committee
2019-03-19HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
2019-03-11HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2019-03-11HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Curtis J. Tarver, II
2019-03-06HouseTo Income Tax Subcommittee
2019-02-26HouseAssigned to Revenue & Finance Committee
2019-02-14HouseReferred to Rules Committee
2019-02-14HouseFirst Reading
2019-02-14HouseFiled with the Clerk by Rep. Curtis J. Tarver, II

Code Citations

ChapterArticleSectionCitation TypeStatute Text
352510Amended CodeCitation Text
352525Amended CodeCitation Text
352535Amended CodeCitation Text

Illinois State Sources


Bill Comments

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