SB 20

  • Illinois Senate Bill
  • 97th Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Business Tax Credit-Increase

Abstract

Amends the Small Business Job Creation Tax Credit Act. Makes it possible for a person who operates an Illinois business having no more than 75 full-time employees (instead of 50) to apply for the Small Business Job Creation Tax Credit. Extends the incentive period from June 30, 2011 to June 30, 2012, if the seasonally adjusted unemployment rate of the State of Illinois for the month of May 2011 is 7.0% or higher, as reported by the Illinois Department of Employment Security. Raises the cap on the credit from $2,500 to $3,500 for each new employee hired. Changes the manner in which the net increase in full-time Illinois employees is calculated in the event that the incentive period is extended. Effective immediately.

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Jan 08, 2013

Senate

Session Sine Die

Mar 18, 2011

Senate

Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

Senate

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

Mar 17, 2011

Senate

Postponed - Revenue

Senate

Senate Committee Amendment No. 1 Postponed - Revenue

Mar 10, 2011

Senate

Senate Committee Amendment No. 1 Postponed - Revenue

Senate

Postponed - Revenue

Mar 03, 2011

Senate

Senate Committee Amendment No. 1 Postponed - Revenue

Senate

Postponed - Revenue

Feb 15, 2011

Senate

Postponed - Revenue

Senate

Senate Committee Amendment No. 1 Postponed - Revenue

Feb 09, 2011

Senate

Senate Committee Amendment No. 1 Assignments Refers to Revenue

Feb 08, 2011

Senate

Senate Committee Amendment No. 1 Referred to Assignments

Senate

Senate Committee Amendment No. 1 Filed with Secretary by Sen. John G. Mulroe

Jan 27, 2011

Senate

First Reading

Senate

Assigned to Revenue

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. John G. Mulroe

Bill Text

Bill Text Versions Format
Introduced HTML

Related Documents

Document Format
Senate Amendment 001

Sources

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