Illinois General Assembly

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 Bill Status of SB3459  99th General Assembly


Short Description:  INC TX-THRIVE TAX CREDIT

Senate Sponsors
Sen. Pamela J. Althoff - Melinda Bush - Neil Anderson - James F. Clayborne, Jr. - Toi W. Hutchinson, Dave Syverson, Jason A. Barickman, Chuck Weaver, Tim Bivins, Linda Holmes and Chapin Rose

Last Action
DateChamber Action
  1/10/2017SenateSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/224 new


Synopsis As Introduced
Creates the Transforming, Helping, and Reviving Illinois' Versatile Economy (THRIVE) Job Creation Tax Credit Act. Provides that the Department of Commerce and Economic Opportunity shall award the credit if the taxpayer meets certain criteria. Contains job creation and capital investment requirements. Provides that the credit may not exceed 50% of the incremental income tax attributable to the applicant's project. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

Actions 
DateChamber Action
  1/9/2017SenateFiled with Secretary by Sen. Pamela J. Althoff
  1/9/2017SenateFirst Reading
  1/9/2017SenateReferred to Assignments
  1/9/2017SenateAdded as Chief Co-Sponsor Sen. Melinda Bush
  1/9/2017SenateAdded as Chief Co-Sponsor Sen. Neil Anderson
  1/9/2017SenateAdded as Chief Co-Sponsor Sen. James F. Clayborne, Jr.
  1/9/2017SenateAdded as Co-Sponsor Sen. Dave Syverson
  1/9/2017SenateAdded as Co-Sponsor Sen. Jason A. Barickman
  1/9/2017SenateAdded as Co-Sponsor Sen. Chuck Weaver
  1/9/2017SenateAdded as Chief Co-Sponsor Sen. Toi W. Hutchinson
  1/9/2017SenateAdded as Co-Sponsor Sen. Tim Bivins
  1/9/2017SenateAdded as Co-Sponsor Sen. Linda Holmes
  1/9/2017SenateAdded as Co-Sponsor Sen. Chapin Rose
  1/10/2017SenateSession Sine Die

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