Illinois General Assembly - Bill Status for SB1427

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Bill Status of SB1427 99th General Assembly

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Short Description: ECON DEVELOP-CREDITS-PROJECT

Senate Sponsors
Sen. Melinda Bush and Toi W. Hutchinson

House Sponsors
(Rep. Carol Sente)

Last Action

Date	Chamber	Action
1/10/2017	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 10/5-3

Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act. Makes a technical change in a Section concerning the purpose of the Act.

Senate Committee Amendment No. 1

	Deletes reference to:
	35 ILCS 10/5-3

	Adds reference to:
	35 ILCS 10/5-5

35 ILCS 10/5-20

35 ILCS 10/5-25

35 ILCS 10/5-50

Replaces everything after the enacting clause. Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that credits may be awarded if the project includes a certain number of retained employees. Defines "retained employee" and "project". Provides that the term "new employee" does not include an employee of the Taxpayer who was previously employed in Illinois by the Taxpayer and whose employment was shifted to the project after the Taxpayer entered into the Agreement. Provides that the Director of Commerce and Economic Opportunity may approve credits for projects that do not meet the minimum job creation and investment thresholds if approval would support a business with potential to generate additional growth by attracting companion businesses or avert loss of one of the area's major sources of employment. Effective immediately.

Actions

Date	Chamber	Action
2/20/2015	Senate	Filed with Secretary by Sen. Melinda Bush
2/20/2015	Senate	First Reading
2/20/2015	Senate	Referred to Assignments
3/17/2015	Senate	Assigned to Revenue
3/20/2015	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Melinda Bush
3/20/2015	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/24/2015	Senate	Senate Committee Amendment No. 1 Assignments Refers to Revenue
3/25/2015	Senate	Senate Committee Amendment No. 1 Adopted
3/26/2015	Senate	Do Pass as Amended Revenue; 011-000-000
3/26/2015	Senate	Placed on Calendar Order of 2nd Reading April 14, 2015
4/16/2015	Senate	Second Reading
4/16/2015	Senate	Placed on Calendar Order of 3rd Reading April 21, 2015
4/17/2015	Senate	Added as Co-Sponsor Sen. Toi W. Hutchinson
4/21/2015	Senate	Third Reading - Passed; 054-000-000
4/21/2015	House	Arrived in House
4/23/2015	House	Chief House Sponsor Rep. Carol Sente
4/23/2015	House	First Reading
4/23/2015	House	Referred to Rules Committee
4/27/2015	House	Assigned to Revenue & Finance Committee
5/8/2015	House	Committee Deadline Extended-Rule 9(b) May 15, 2015
5/15/2015	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2017	Senate	Session Sine Die

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