HB 3556

  • Illinois House Bill
  • 100th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Thrive Tax Credit

Abstract

Creates the Transforming, Helping, and Reviving Illinois' Versatile Economy (THRIVE) Job Creation Tax Credit Act. Provides that the Department of Commerce and Economic Opportunity shall award an income tax credit to taxpayers that meet certain criteria. Contains job creation and capital investment requirements. Provides that the credit may not exceed 50% of the incremental income tax attributable to the applicant's project. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

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Jan 08, 2019

House

Session Sine Die

May 25, 2017

House

Added Chief Co-Sponsor Rep. Thomas M. Bennett

Mar 31, 2017

House

Rule 19(a) / Re-referred to Rules Committee

Mar 09, 2017

House

To Growth, Reform & Fairness Subcommittee

Mar 01, 2017

House

Assigned to Revenue & Finance Committee

Feb 10, 2017

House

Filed with the Clerk by Rep. Keith R. Wheeler

House

Referred to Rules Committee

House

First Reading

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