SB 2071

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

Bill Sponsors (1)

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Jan 09, 2019

Senate

Session Sine Die

Sep 30, 2018

Senate

Chief Sponsor Changed to Sen. William E. Brady

May 05, 2017

Senate

Rule 3-9(a) / Re-referred to Assignments

Apr 07, 2017

Senate

Rule 2-10 Committee Deadline Established As May 5, 2017

Apr 06, 2017

Senate

Postponed - Revenue

Mar 17, 2017

Senate

Rule 2-10 Committee Deadline Established As April 7, 2017

Mar 16, 2017

Senate

Postponed - Revenue

Mar 15, 2017

Senate

Added as Chief Co-Sponsor Sen. Karen McConnaughay

Mar 09, 2017

Senate

Postponed - Revenue

Feb 28, 2017

Senate

Assigned to Revenue

Feb 14, 2017

Senate

Added as Co-Sponsor Sen. Cristina Castro

Senate

Added as Chief Co-Sponsor Sen. Melinda Bush

Feb 10, 2017

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Pamela J. Althoff

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