HB 2735

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Small Business Tax Credit

Abstract

Amends the Small Business Job Creation Tax Credit Act. Renews the program for incentive periods beginning on or after July 1, 2018 and ending on or before June 30, 2025. Removes language concerning the Put Illinois to Work Program for the second series of incentive periods. Provides that the term "full-time employee" means an individual who is employed for a basic wage for at least 35 hours each week (currently, employed for a basic wage for at least 35 hours each week or renders any other standard of service generally accepted by industry custom or practice as full-time employment). Provides that a net increase in the number of full-time Illinois employees shall be treated as continuous if a different new employee is hired as a replacement within 8 weeks after the position becomes vacant (currently, a reasonable time). Effective immediately.

Bill Sponsors (3)

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May 22, 2020

House

Added Co-Sponsor Rep. Jonathan "Yoni" Pizer

Apr 04, 2019

House

Added Chief Co-Sponsor Rep. Karina Villa

Mar 29, 2019

House

House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

House

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

Mar 19, 2019

House

House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee

Mar 11, 2019

House

House Committee Amendment No. 1 Referred to Rules Committee

House

House Committee Amendment No. 1 Filed with Clerk by Rep. Curtis J. Tarver, II

Mar 06, 2019

House

To Income Tax Subcommittee

Feb 26, 2019

House

Assigned to Revenue & Finance Committee

Feb 14, 2019

House

Filed with the Clerk by Rep. Curtis J. Tarver, II

House

Referred to Rules Committee

House

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML

Related Documents

Document Format
House Amendment 001

Sources

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