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 Bill Status of HB3556  100th General Assembly


Short Description:  INC TX-THRIVE TAX CREDIT

House Sponsors
Rep. Keith R. Wheeler

Hearings
Revenue & Finance Committee Hearing Mar 30 2017 8:00AM Stratton Building Room C-1 Springfield, IL
Growth, Reform & Fairness Subcommittee Hearing Mar 30 2017 8:00AM Stratton Building Room C-1 Springfield, IL


Last Action
DateChamber Action
  3/9/2017HouseTo Growth, Reform & Fairness Subcommittee

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/224 new


Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/10/2017HouseFiled with the Clerk by Rep. Keith R. Wheeler
  2/10/2017HouseFirst Reading
  2/10/2017HouseReferred to Rules Committee
  3/1/2017HouseAssigned to Revenue & Finance Committee
  3/9/2017HouseTo Growth, Reform & Fairness Subcommittee

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