Illinois General Assembly - Bill Status for HB3556
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 Bill Status of HB3556  100th General Assembly

Short Description:  INC TX-THRIVE TAX CREDIT

House Sponsors
Rep. Keith R. Wheeler - Thomas M. Bennett

Last Action
DateChamber Action
  1/8/2019HouseSession 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 an income tax credit to taxpayers that meet 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.

DateChamber Action
  2/10/2017HouseFiled with the Clerk by Rep. Keith R. Wheeler
  2/10/2017HouseFirst Reading
  2/10/2017HouseReferred to Rules Committee
  3/1/2017HouseAssigned to Revenue & Finance Committee
  3/9/2017HouseTo Growth, Reform & Fairness Subcommittee
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee
  5/25/2017HouseAdded Chief Co-Sponsor Rep. Thomas M. Bennett
  1/8/2019HouseSession Sine Die

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