Illinois General Assembly - Bill Status for SB1864
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 Bill Status of SB1864  102nd General Assembly


Short Description:  EDGE CREDIT-JOB REQUIREMENTS

Senate Sponsors
Sen. Jason A. Barickman and Scott M. Bennett

Last Action
DateChamber Action
  5/7/2021SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 10/5-10


Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that, upon the issuance of a disaster proclamation by the Governor covering the location of Taxpayer that is party to an Agreement, the Department of Commerce and Economic Opportunity may modify or restructure the Agreement in a manner that includes, but is not limited to, the temporary modification of the job creation or retention requirements of the Agreement to provide that the Taxpayer will not be considered to be out of compliance with the Agreement so long as the Taxpayer maintains at least 85% of the job creation and retention requirements of the Agreement or a lesser percentage that the Department determines is warranted by the Taxpayer's particular circumstances. Effective immediately.

Actions 
DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. Jason A. Barickman
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  3/16/2021SenateAssigned to Revenue
  4/15/2021SenateAdded as Co-Sponsor Sen. Scott M. Bennett
  4/16/2021SenateRule 2-10 Committee Deadline Established As April 23, 2021
  4/23/2021SenateRule 2-10 Committee/3rd Reading Deadline Established As April 30, 2021
  4/30/2021SenateRule 2-10 Committee/3rd Reading Deadline Established As May 7, 2021
  5/7/2021SenateRule 3-9(a) / Re-referred to Assignments

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