Illinois General Assembly - Bill Status for HB2735
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 Bill Status of HB2735  101st General Assembly


Short Description:  SMALL BUSINESS TAX CREDIT

House Sponsors
Rep. Curtis J. Tarver, II - Karina Villa and Jonathan "Yoni" Pizer

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 25/10
35 ILCS 25/25
35 ILCS 25/35


Synopsis As Introduced
Amends the Small Business Job Creation Tax Credit Act. Renews the program for incentive periods beginning on or after July 1, 2018 and ending on or before June 30, 2025. Removes language concerning the Put Illinois to Work Program for the second series of incentive periods. Provides that the term "full-time employee" means an individual who is employed for a basic wage for at least 35 hours each week (currently, employed for a basic wage for at least 35 hours each week or renders any other standard of service generally accepted by industry custom or practice as full-time employment). Provides that a net increase in the number of full-time Illinois employees shall be treated as continuous if a different new employee is hired as a replacement within 8 weeks after the position becomes vacant (currently, a reasonable time). Effective immediately.

Actions 
DateChamber Action
  2/14/2019HouseFiled with the Clerk by Rep. Curtis J. Tarver, II
  2/14/2019HouseFirst Reading
  2/14/2019HouseReferred to Rules Committee
  2/26/2019HouseAssigned to Revenue & Finance Committee
  3/6/2019HouseTo Income Tax Subcommittee
  3/11/2019HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Curtis J. Tarver, II
  3/11/2019HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/19/2019HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  3/29/2019HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  4/4/2019HouseAdded Chief Co-Sponsor Rep. Karina Villa
  5/22/2020HouseAdded Co-Sponsor Rep. Jonathan "Yoni" Pizer
  1/13/2021HouseSession Sine Die

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