SB 2523

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

Inc Tx-Hubzone-Small Business

Abstract

Amends the Illinois Income Tax Act. Provides that each taxpayer who is employed by a business that would qualify as a federal HUBZone small business concern but for the fact that fewer than 35% of its employees reside within a federal HUBZone is eligible for an income tax credit in the amount of $500 if the employee first moves into a federal HUBZone during the taxable year. Effective immediately.

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Jan 09, 2019

Senate

Session Sine Die

Apr 27, 2018

Senate

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

Apr 13, 2018

Senate

Rule 2-10 Committee Deadline Established As April 27, 2018

Feb 07, 2018

Senate

Assigned to Revenue

Feb 06, 2018

Senate

Filed with Secretary by Sen. Steve Stadelman

Senate

Referred to Assignments

Senate

First Reading

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