IL HB4823 | 2019-2020 | 101st General Assembly

Status

Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on February 11 2020 - 25% progression, died in committee
Action: 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

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.

Tracking Information

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Title

SMALL BUSINESS-INCENTIVE

Sponsors


History

DateChamberAction
2020-06-23HouseRule 19(b) / Re-referred to Rules Committee
2020-05-21HouseAdded Co-Sponsor Rep. Jonathan "Yoni" Pizer
2020-05-21HouseAdded Co-Sponsor Rep. Terra Costa Howard
2020-05-21HouseAdded Co-Sponsor Rep. Deb Conroy
2020-03-06HouseTo Income Tax Subcommittee
2020-02-25HouseAssigned to Revenue & Finance Committee
2020-02-18HouseReferred to Rules Committee
2020-02-18HouseFirst Reading
2020-02-11HouseFiled with the Clerk by Rep. Jennifer Gong-Gershowitz

Code Citations

ChapterArticleSectionCitation TypeStatute Text
352510Amended CodeCitation Text
352525Amended CodeCitation Text
352530Amended CodeCitation Text
352535Amended CodeCitation Text
35255Amended CodeCitation Text

Illinois State Sources


Bill Comments

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