Illinois General Assembly - Bill Status for SB2523
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 Bill Status of SB2523  100th General Assembly


Short Description:  INC TX-HUBZONE-SMALL BUSINESS

Senate Sponsors
Sen. Steve Stadelman

Last Action
DateChamber Action
  4/27/2018SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 5/227 new


Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/6/2018SenateFiled with Secretary by Sen. Steve Stadelman
  2/6/2018SenateFirst Reading
  2/6/2018SenateReferred to Assignments
  2/7/2018SenateAssigned to Revenue
  4/13/2018SenateRule 2-10 Committee Deadline Established As April 27, 2018
  4/27/2018SenateRule 3-9(a) / Re-referred to Assignments

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