Bill Status of SB 3153   100th General Assembly

Short Description:  SMALL BUSINESS TAX CREDIT

Senate Sponsors
Sen. Julie A. Morrison and Omar Aquino-Cristina Castro-Patricia Van Pelt

Last Action  View All Actions

DateChamber Action
  1/9/2019SenateSession Sine Die

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

Synopsis As Introduced
Amends the Small Business Job Creation Tax Credit Act. Renews the program for incentive periods beginning on or after July 1, 2018 and ending on or before June 30, 2025. Removes language concerning the Put Illinois to Work Program for the second series of incentive periods. Provides that the term "full-time employee" means an individual who is employed for a basic wage for at least 35 hours each week (currently, employed for a basic wage for at least 35 hours each week or renders any other standard of service generally accepted by industry custom or practice as full-time employment). Provides that a net increase in the number of full-time Illinois employees shall be treated as continuous if a different new employee is hired as a replacement within 8 weeks after the position becomes vacant (currently, a reasonable time). Effective immediately.

Actions 
DateChamber Action
  2/16/2018SenateFiled with Secretary by Sen. Julie A. Morrison
  2/16/2018SenateFirst Reading
  2/16/2018SenateReferred to Assignments
  2/27/2018SenateAssigned to Revenue
  4/10/2018SenateAdded as Co-Sponsor Sen. Omar Aquino
  4/13/2018SenateRule 2-10 Committee Deadline Established As April 27, 2018
  4/18/2018SenateAdded as Chief Co-Sponsor Sen. Cristina Castro
  4/27/2018SenateRule 3-9(a) / Re-referred to Assignments
  5/2/2018SenateAdded as Chief Co-Sponsor Sen. Patricia Van Pelt
  1/9/2019SenateSession Sine Die

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