Illinois General Assembly - Bill Status for SB0020

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Bill Status of SB0020 97th General Assembly

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Short Description: BUSINESS TAX CREDIT-INCREASE

Senate Sponsors
Sen. John G. Mulroe

Last Action

Date	Chamber	Action
1/8/2013	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 25/10

35 ILCS 25/25

Synopsis As Introduced
Amends the Small Business Job Creation Tax Credit Act. Makes it possible for a person who operates an Illinois business having no more than 75 full-time employees (instead of 50) to apply for the Small Business Job Creation Tax Credit. Extends the incentive period from June 30, 2011 to June 30, 2012, if the seasonally adjusted unemployment rate of the State of Illinois for the month of May 2011 is 7.0% or higher, as reported by the Illinois Department of Employment Security. Raises the cap on the credit from $2,500 to $3,500 for each new employee hired. Changes the manner in which the net increase in full-time Illinois employees is calculated in the event that the incentive period is extended. Effective immediately.

Actions

Date	Chamber	Action
1/27/2011	Senate	Filed with Secretary by Sen. John G. Mulroe
1/27/2011	Senate	First Reading
1/27/2011	Senate	Referred to Assignments
1/27/2011	Senate	Assigned to Revenue
2/8/2011	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. John G. Mulroe
2/8/2011	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2/9/2011	Senate	Senate Committee Amendment No. 1 Assignments Refers to Revenue
2/15/2011	Senate	Senate Committee Amendment No. 1 Postponed - Revenue
2/15/2011	Senate	Postponed - Revenue
3/3/2011	Senate	Senate Committee Amendment No. 1 Postponed - Revenue
3/3/2011	Senate	Postponed - Revenue
3/10/2011	Senate	Senate Committee Amendment No. 1 Postponed - Revenue
3/10/2011	Senate	Postponed - Revenue
3/17/2011	Senate	Senate Committee Amendment No. 1 Postponed - Revenue
3/17/2011	Senate	Postponed - Revenue
3/18/2011	Senate	Rule 3-9(a) / Re-referred to Assignments
3/18/2011	Senate	Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
1/8/2013	Senate	Session Sine Die

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