Bill Status of HB 5757   100th General Assembly


Short Description:  INC TX-HEAD COUNT CREDIT

House Sponsors
Rep. Monica Bristow, Natalie Phelps Finnie, Jerry Costello, II, Deb Conroy, Katie Stuart, Martin J. Moylan, Sue Scherer, Sam Yingling, Michelle Mussman and Justin Slaughter

Last Action  View All Actions

DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/227 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit for an Illinois business that increases its average full-time employee head count in the State for the taxable year by more than 20% over its average full-time employee head count in the State for the immediately preceding taxable year. Provides that the amount of the credit is 20% of its tax liability under this Act (other than its withholding tax liability) for the taxable year. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

 Fiscal Note ()
 

Actions 
DateChamber Action
  2/16/2018HouseFiled with the Clerk by Rep. Monica Bristow
  2/16/2018HouseFirst Reading
  2/16/2018HouseReferred to Rules Committee
  3/21/2018HouseAssigned to Revenue & Finance Committee
  4/11/2018HouseDo Pass / Short Debate Revenue & Finance Committee; 007-004-000
  4/13/2018HousePlaced on Calendar 2nd Reading - Short Debate
  4/16/2018HouseAdded Co-Sponsor Rep. Natalie Phelps Finnie
  4/16/2018HouseAdded Co-Sponsor Rep. Jerry Costello, II
  4/16/2018HouseAdded Co-Sponsor Rep. Deb Conroy
  4/16/2018HouseAdded Co-Sponsor Rep. Katie Stuart
  4/16/2018HouseAdded Co-Sponsor Rep. Martin J. Moylan
  4/16/2018HouseAdded Co-Sponsor Rep. Sue Scherer
  4/16/2018HouseAdded Co-Sponsor Rep. Sam Yingling
  4/16/2018HouseFiscal Note Requested by Rep. Tom Demmer
  4/19/2018HouseAdded Co-Sponsor Rep. Michelle Mussman
  4/23/2018HouseSecond Reading - Short Debate
  4/23/2018HouseHeld on Calendar Order of Second Reading - Short Debate
  4/26/2018HouseSecond Reading - Short Debate
  4/26/2018HouseHeld on Calendar Order of Second Reading - Short Debate
  4/27/2018HouseRule 19(a) / Re-referred to Rules Committee
  5/14/2018HouseFiscal Note Filed
  5/16/2018HouseAdded Co-Sponsor Rep. Justin Slaughter
  1/8/2019HouseSession Sine Die

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