Illinois General Assembly - Bill Status for SB1427
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 Bill Status of SB1427  99th General Assembly


Senate Sponsors
Sen. Melinda Bush and Toi W. Hutchinson

House Sponsors
(Rep. Carol Sente)

Last Action
DateChamber Action
  1/10/2017SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 10/5-3

Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act. Makes a technical change in a Section concerning the purpose of the Act.

Senate Committee Amendment No. 1
Deletes reference to:
35 ILCS 10/5-3
Adds reference to:
35 ILCS 10/5-5
35 ILCS 10/5-20
35 ILCS 10/5-25
35 ILCS 10/5-50

Replaces everything after the enacting clause. Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that credits may be awarded if the project includes a certain number of retained employees. Defines "retained employee" and "project". Provides that the term "new employee" does not include an employee of the Taxpayer who was previously employed in Illinois by the Taxpayer and whose employment was shifted to the project after the Taxpayer entered into the Agreement. Provides that the Director of Commerce and Economic Opportunity may approve credits for projects that do not meet the minimum job creation and investment thresholds if approval would support a business with potential to generate additional growth by attracting companion businesses or avert loss of one of the area's major sources of employment. Effective immediately.

DateChamber Action
  2/20/2015SenateFiled with Secretary by Sen. Melinda Bush
  2/20/2015SenateFirst Reading
  2/20/2015SenateReferred to Assignments
  3/17/2015SenateAssigned to Revenue
  3/20/2015SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Melinda Bush
  3/20/2015SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/24/2015SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
  3/25/2015SenateSenate Committee Amendment No. 1 Adopted
  3/26/2015SenateDo Pass as Amended Revenue; 011-000-000
  3/26/2015SenatePlaced on Calendar Order of 2nd Reading April 14, 2015
  4/16/2015SenateSecond Reading
  4/16/2015SenatePlaced on Calendar Order of 3rd Reading April 21, 2015
  4/17/2015SenateAdded as Co-Sponsor Sen. Toi W. Hutchinson
  4/21/2015SenateThird Reading - Passed; 054-000-000
  4/21/2015HouseArrived in House
  4/23/2015HouseChief House Sponsor Rep. Carol Sente
  4/23/2015HouseFirst Reading
  4/23/2015HouseReferred to Rules Committee
  4/27/2015HouseAssigned to Revenue & Finance Committee
  5/8/2015HouseCommittee Deadline Extended-Rule 9(b) May 15, 2015
  5/15/2015HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017SenateSession Sine Die

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