Date	Chamber	Action
1/10/2023	Senate	Session Sine Die

Statutes Amended In Order of Appearance

20 ILCS 715/25

35 ILCS 10/5-55

Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that the Department of Commerce and Economic Opportunity may issue a certificate of verification for the credit even if the Taxpayer does not meet certain payroll and capital expenditure requirements if that failure is due to financial hardship caused by the COVID-19 pandemic. Amends the Corporate Accountability for Tax Expenditures Act. Provides that credits awarded under the Economic Development for a Growing Economy tax credit program shall not be revoked or suspended as a result of the recipient's failure to meet requirements for new or retained employees if that failure is due to financial hardship caused by the COVID-19 pandemic. Effective immediately.

Senate Committee Amendment No. 1
Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with changes. Provides that, to avoid revocation or suspension of credits under the provisions of the bill, the Taxpayer shall also maintain job creation and retention at the level of 85% of the Agreement requirements. Provides that the taxpayer must show a direct and substantial hardship caused by the COVID-19 pandemic (in the introduced bill, a financial hardship). Effective immediately.

Actions 

Date	Chamber	Action
2/26/2021	Senate	Filed with Secretary by Sen. Scott M. Bennett
2/26/2021	Senate	First Reading
2/26/2021	Senate	Referred to Assignments
3/16/2021	Senate	Assigned to Revenue
4/16/2021	Senate	Rule 2-10 Committee Deadline Established As April 23, 2021
4/20/2021	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Scott M. Bennett
4/20/2021	Senate	Senate Committee Amendment No. 1 Referred to Assignments
4/21/2021	Senate	Senate Committee Amendment No. 1 Assignments Refers to Revenue
4/21/2021	Senate	Senate Committee Amendment No. 1 Adopted
4/21/2021	Senate	Do Pass as Amended Revenue; 010-000-000
4/21/2021	Senate	Placed on Calendar Order of 2nd Reading April 22, 2021
4/22/2021	Senate	Second Reading
4/22/2021	Senate	Placed on Calendar Order of 3rd Reading April 23, 2021
4/23/2021	Senate	Third Reading - Passed; 057-000-000
4/23/2021	Senate	Added as Co-Sponsor Sen. Jil Tracy
4/26/2021	Senate	Added as Co-Sponsor Sen. Rachelle Crowe
4/26/2021	Senate	Added as Chief Co-Sponsor Sen. Elgie R. Sims, Jr.
4/26/2021	House	Arrived in House
4/26/2021	House	Chief House Sponsor Rep. Michael T. Marron
4/27/2021	House	First Reading
4/27/2021	House	Referred to Rules Committee
5/4/2021	House	Assigned to Revenue & Finance Committee
5/15/2021	House	Rule 19(a) / Re-referred to Rules Committee
12/22/2022	Senate	Chief Sponsor Changed to Sen. Don Harmon
1/10/2023	Senate	Session Sine Die

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