Illinois General Assembly - Bill Status for SB2523

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

Date	Chamber	Action
2/6/2018	Senate	Filed with Secretary by Sen. Steve Stadelman
2/6/2018	Senate	First Reading
2/6/2018	Senate	Referred to Assignments
2/7/2018	Senate	Assigned to Revenue
4/13/2018	Senate	Rule 2-10 Committee Deadline Established As April 27, 2018
4/27/2018	Senate	Rule 3-9(a) / Re-referred to Assignments
1/9/2019	Senate	Session Sine Die

×