Chuck Weaver
- Republican
Primary
Creates the Business and Employment Development Tax Credit Act. Provides that the Department of Commerce and Economic Opportunity may certify a business as eligible for an income tax credit under the Act and may award credits to certified businesses. Sets forth the amount of the credit, which is calculated as a percentage of the wages paid to new or retained full-time and part-time employees. Provides that the duration of the credit is 5 taxable years, except that the credit may be carried forward for 5 years. Contains provisions concerning recapture of the credit. Amends the Illinois Income Tax Act to make conforming changes. Provides that the Business and Employment Development Tax Credit is exempt from the Act's automatic sunset provision. Effective immediately.
No votes to display
Session Sine Die
Rule 3-9(a) / Re-referred to Assignments
Rule 2-10 Committee Deadline Established As May 5, 2017
Postponed - Revenue
Rule 2-10 Committee Deadline Established As April 7, 2017
Postponed - Revenue
Postponed - Revenue
Assigned to Revenue
Filed with Secretary by Sen. Chuck Weaver
Referred to Assignments
First Reading
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Document | Format |
|---|---|
| No related documents. |
Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.