Bill Status of SB 115   99th General Assembly


Short Description:  INC TX-CREDIT-UNEMPLOYED

Senate Sponsors
Sen. Jennifer Bertino-Tarrant-Jacqueline Y. Collins-Steve Stadelman, Linda Holmes-Kimberly A. Lightford, Gary Forby, William R. Haine and Emil Jones, III

Last Action  View All Actions

DateChamber Action
  1/10/2017SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/224 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that each taxpayer who employs a long-term unemployed person during the taxable year is entitled to an income tax credit of: (1) $500 in the taxable year in which the long-term unemployed person is initially hired by the taxpayer; (2) $750 in the first taxable year after the long-term unemployed person is initially hired by the taxpayer; and (3) $1,250 in the second taxable year after the long-term unemployed person is initially hired by the taxpayer. Provides that the taxpayer may receive a partial credit if the person is employed by the taxpayer for only part of a taxable year. Provides that the credit may be carried forward. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately.

Actions 
DateChamber Action
  1/28/2015SenateFiled with Secretary by Sen. Jennifer Bertino-Tarrant
  1/28/2015SenateFirst Reading
  1/28/2015SenateReferred to Assignments
  2/11/2015SenateAssigned to Revenue
  2/18/2015SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
  3/3/2015SenateAdded as Chief Co-Sponsor Sen. Steve Stadelman
  3/4/2015SenateAdded as Co-Sponsor Sen. Linda Holmes
  3/5/2015SenateTo Subcommittee on Tax Credits
  3/10/2015SenateAdded as Chief Co-Sponsor Sen. Kimberly A. Lightford
  3/18/2015SenateAdded as Co-Sponsor Sen. Gary Forby
  3/27/2015SenateRule 2-10 Committee Deadline Established As April 24, 2015
  4/24/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015
  4/30/2015SenateAdded as Co-Sponsor Sen. William R. Haine
  5/15/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015
  5/25/2015SenateAdded as Co-Sponsor Sen. Emil Jones, III
  10/10/2015SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  1/10/2017SenateSession Sine Die

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