Bill Status of SB2490  102nd General Assembly


Short Description:  INCOME TAX-EMPLOYMENT CREDIT

Senate Sponsors
Sen. Ram Villivalam - Jason A. Barickman, Sara Feigenholtz, Laura Fine, Bill Cunningham, John F. Curran, Dave Syverson, Patricia Van Pelt, Laura M. Murphy and Scott M. Bennett

Last Action
DateChamber Action
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 5/232 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit for an employer who hires a qualified employee to work at a location in the State. Sets forth the amount of the credit. Provides that the credit shall be increased if (i) the qualified employee is hired to work at a location in a disproportionately impacted area or (ii) on the date the qualified employee is hired, the qualified employee resides in a disproportionately impacted area. Limits the total amount of income tax credits that the Department of Commerce and Economic Opportunity may issue over the duration of the program. Provides that the term "qualified employee" means a resident of the State who is hired by the taxpayer to fill a full-time net new job and was unemployed as a result of COVID-19 prior to the date he or she was hired by the taxpayer. Provides that the term "qualified employee" does not include an individual who was furloughed by the taxpayer. Effective immediately.

Actions 
DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. Ram Villivalam
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  3/18/2021SenateAdded as Co-Sponsor Sen. Sara Feigenholtz
  3/23/2021SenateAssigned to Revenue
  3/29/2021SenateAdded as Co-Sponsor Sen. Laura Fine
  4/6/2021SenateAdded as Co-Sponsor Sen. Bill Cunningham
  4/8/2021SenateAdded as Co-Sponsor Sen. John F. Curran
  4/13/2021SenateAdded as Co-Sponsor Sen. Dave Syverson
  4/13/2021SenateAdded as Co-Sponsor Sen. Patricia Van Pelt
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments
  4/20/2021SenateAdded as Chief Co-Sponsor Sen. Jason A. Barickman
  4/20/2021SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  5/18/2021SenateAdded as Co-Sponsor Sen. Scott M. Bennett