Date	Chamber	Action
1/9/2019	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/227 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates the Hire Illinois Tax Credit. Provides that a business is eligible for a $500 tax credit against its withholding tax liability for each recent graduate of a public university in the State who is hired by the taxpayer within the incentive period and retained by the taxpayer for 12 consecutive months. Provides that the $500 tax credit may be taken in both the year the qualified employee is hired and for each year of the next 4 years the qualified employee is retained by the taxpayer for 12 consecutive months. Provides 2 ways the taxpayer may take the $500 tax credit. Provides that the Department of Commerce and Economic Opportunity shall limit the monetary amount of these tax credits to $25,000,000. Provides for procedures for a business to apply for a certificate of eligibility for the credit and for procedures to apply for a tax credit certificate. Grants the Department of Commerce and Economic Opportunity the powers necessary or convenient to administer the tax credit. Effective immediately.

Actions 

Date	Chamber	Action
2/16/2018	Senate	Filed with Secretary by Sen. Paul Schimpf
2/16/2018	Senate	First Reading
2/16/2018	Senate	Referred to Assignments
2/27/2018	Senate	Added as Chief Co-Sponsor Sen. Pamela J. Althoff
2/27/2018	Senate	Assigned to Revenue
3/1/2018	Senate	Added as Co-Sponsor Sen. Scott M. Bennett
4/13/2018	Senate	Rule 2-10 Committee Deadline Established As April 27, 2018
4/27/2018	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 3, 2018
5/3/2018	Senate	Rule 3-9(a) / Re-referred to Assignments
1/9/2019	Senate	Session Sine Die

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