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 Bill Status of SB2071  100th General Assembly


Short Description:  INC TX-THRIVE TAX CREDIT

Senate Sponsors
Sen. Pamela J. Althoff - Melinda Bush - Karen McConnaughay and Cristina Castro

Last Action
DateChamber Action
  5/5/2017SenateRule 3-9(a) / Re-referred to Assignments

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
  2/10/2017SenateFiled with Secretary by Sen. Pamela J. Althoff
  2/10/2017SenateFirst Reading
  2/10/2017SenateReferred to Assignments
  2/14/2017SenateAdded as Chief Co-Sponsor Sen. Melinda Bush
  2/14/2017SenateAdded as Co-Sponsor Sen. Cristina Castro
  2/28/2017SenateAssigned to Revenue
  3/9/2017SenatePostponed - Revenue
  3/15/2017SenateAdded as Chief Co-Sponsor Sen. Karen McConnaughay
  3/16/2017SenatePostponed - Revenue
  3/17/2017SenateRule 2-10 Committee Deadline Established As April 7, 2017
  4/6/2017SenatePostponed - Revenue
  4/7/2017SenateRule 2-10 Committee Deadline Established As May 5, 2017
  5/5/2017SenateRule 3-9(a) / Re-referred to Assignments

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