Bill Status of SB1563  100th General Assembly


Short Description:  INC TX-PUBLICLY TRADED COMPANY

Senate Sponsors
Sen. Bill Cunningham

Last Action
DateChamber Action
  3/17/2017SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 5/250.1 new
35 ILCS 10/5-95 new


Synopsis As Introduced
Amends the Illinois Income Tax Act and the Economic Development for a Growing Economy Tax Credit Act. Provides that no tax credit may be granted under either of those Acts for any publicly traded company that reports a pay ratio between its chief executive officer's compensation and its employees' median pay of more than 200:1 on a disclosure filed with the United States Securities and Exchange Commission during the taxable year in accordance with the pay ratio disclosure requirement of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Actions 
DateChamber Action
  2/9/2017SenateFiled with Secretary by Sen. Bill Cunningham
  2/9/2017SenateFirst Reading
  2/9/2017SenateReferred to Assignments
  2/22/2017SenateAssigned to Government Reform
  3/1/2017SenatePostponed - Government Reform
  3/17/2017SenateRule 3-9(a) / Re-referred to Assignments