Date	Chamber	Action
1/8/2019	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/18-185

35 ILCS 5/224 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that, for taxing districts in counties with more than 700,000 inhabitants but fewer than 710,000 inhabitants, the limiting rate under the Property Tax Extension Limitation Law shall be the lesser of (i) the limiting rate as otherwise calculated under that Law or (ii) 2.5 times the median aggregate tax rate for all taxing districts within the county. Amends the Illinois Income Tax Act. Creates an income tax credit for businesses in an amount not to exceed $5,000 for each new full-time employee hired by the taxpayer in calendar year 2017 or 2018 to work at a location in a county with more than 700,000 inhabitants but fewer than 710,000 inhabitants. Provides that, of the $5,000 credit amount, (i) $3,000 is allowed as a credit for the taxable year in which the employee was hired if the employee remains employed by the taxpayer on the last day of the taxable year and (ii) $2,000 is allowed as a credit for the following taxable year if the employee remains employed by the employer on the last day of that taxable year. Effective immediately.

Actions 

Date	Chamber	Action
2/9/2017	House	Filed with the Clerk by Rep. Sheri Jesiel
2/9/2017	House	First Reading
2/9/2017	House	Referred to Rules Committee
2/22/2017	House	Assigned to Revenue & Finance Committee
2/24/2017	House	Added Chief Co-Sponsor Rep. Barbara Wheeler
3/9/2017	House	To Property Tax Subcommittee
3/31/2017	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2019	House	Session Sine Die

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