Illinois General Assembly - Bill Status for SB3165

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Bill Status of SB3165 96th General Assembly

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Short Description: INC TX-NEW EMPLOYEE CREDIT

Senate Sponsors
Sen. Bill Brady

Last Action

Date	Chamber	Action
1/12/2011	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/219 new

35 ILCS 5/704A

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers, other than taxpayers that receive credits under the Economic Development for a Growing Economy Tax Credit Act, in an amount equal to $2,100 for each new employee who is (i) hired by the taxpayer on and after the effective date of the amendatory Act and (ii) employed by the taxpayer for a period of exactly 12 consecutive months at any point during the taxable year. Provides that all or a portion of the credit may be used as a credit against the taxpayer's withholding tax liability. Provides that the credit may be carried forward. Effective immediately.

Actions

Date	Chamber	Action
2/9/2010	Senate	Filed with Secretary by Sen. Bill Brady
2/9/2010	Senate	First Reading
2/9/2010	Senate	Referred to Assignments
2/24/2010	Senate	Assigned to Commerce
3/5/2010	Senate	Rule 2-10 Committee Deadline Established As March 19, 2010
3/19/2010	Senate	Rule 3-9(a) / Re-referred to Assignments
1/12/2011	Senate	Session Sine Die

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