Illinois General Assembly - Bill Status for SB3498
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 Bill Status of SB3498  102nd General Assembly


Short Description:  SMALL BUSINESS-INCENTIVE

Senate Sponsors
Sen. Ram Villivalam, Antonio Muñoz, Terry Link, Laura M. Murphy, Michael E. Hastings, Suzy Glowiak Hilton, Julie A. Morrison and Cristina Castro

Last Action
DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 25/5
35 ILCS 25/10
35 ILCS 25/25
35 ILCS 25/30
35 ILCS 25/35


Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/14/2020SenateFiled with Secretary by Sen. Ram Villivalam
  2/14/2020SenateFirst Reading
  2/14/2020SenateReferred to Assignments
  2/25/2020SenateAssigned to Revenue
  2/26/2020SenateAdded as Co-Sponsor Sen. Antonio Muñoz
  2/26/2020SenateAdded as Co-Sponsor Sen. Terry Link
  2/27/2020SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  2/27/2020SenateAdded as Co-Sponsor Sen. Michael E. Hastings
  2/28/2020SenateAdded as Co-Sponsor Sen. Suzy Glowiak Hilton
  3/4/2020SenateTo Subcommittee on Tax Exemptions and Credits
  3/5/2020SenateAdded as Co-Sponsor Sen. Julie A. Morrison
  3/5/2020SenateAdded as Co-Sponsor Sen. Cristina Castro
  3/18/2020SenateRule 2-10 Committee Deadline Established As April 2, 2020
  3/25/2020SenateRule 2-10 Committee Deadline Established As April 24, 2020
  3/25/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 7, 2020
  4/12/2020SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  4/16/2020SenateRule 2-10 Committee Deadline Established As April 30, 2020
  4/23/2020SenateRule 2-10 Committee Deadline Established As May 7, 2020
  4/23/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 15, 2020
  4/30/2020SenateRule 2-10 Committee Deadline Established As May 15, 2020
  4/30/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 22, 2020
  5/7/2020SenateRule 2-10 Committee Deadline Established As May 22, 2020
  5/7/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 29, 2020
  5/15/2020SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020
  1/13/2021SenateSession Sine Die

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