Bill Status of SB 3498   101st General Assembly

Short Description:  SMALL BUSINESS-INCENTIVE

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

Last Action  View All Actions

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 Muņoz
  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

Back To Top