Illinois 97th Regular Session Status: In Committee

HB 3574 — INC TX-JOB CREATION CREDIT

Last action — Session Sine Die

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 97th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the Illinois Income Tax Act. Provides that a taxpayer who owns and operates a business in Illinois shall be allowed a credit against the tax imposed by subsections (a) and (b) of Section 201 in the amount of $3,750 per employee hired by the taxpayer and retained for 2 years. Provides that the credit may be allowed in the amount of $2,500 in the year the employee is hired and in the amount of $1,250 in the second year of employment. Provides that if the amount of the credit exceeds the taxpayer's liability for the taxable year, the excess may be carried forward and applied to the tax liability of the next 5 years. Effective immediately.

Bill Text

Action History

  1. Session Sine Die

  2. Rule 19(a) / Re-referred to Rules Committee

  3. Assigned to Revenue & Finance Committee

  4. Referred to Rules Committee

  5. First Reading

  6. Co-Sponsor Rep. Jil Tracy

  7. Co-Sponsor Rep. Sandra M. Pihos

  8. Co-Sponsor Rep. Darlene J. Senger

  9. Co-Sponsor Rep. Patricia R. Bellock

  10. Co-Sponsor Rep. Renée Kosel

  11. Co-Sponsor Rep. Jason Barickman

  12. Co-Sponsor Rep. Sidney H. Mathias

  13. Co-Sponsor Rep. Pam Roth

  14. Chief Co-Sponsor Rep. John D. Cavaletto

  15. Chief Co-Sponsor Rep. Sidney H. Mathias

  16. Chief Co-Sponsor Changed to Rep. Adam Brown

  17. Chief Co-Sponsor Rep. Dwight Kay

  18. Filed with the Clerk by Rep. Thomas Morrison

Sponsors

  • Thomas Morrison · Cosponsor

Sponsorship breakdown

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0 sponsors · 1 co-sponsors · 182 not signed on

Sponsors (0)

None.

Co-sponsors (1)

  • Thomas Morrison

Not signed on (182)

182 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

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Frequently asked questions

What does HB 3574 do?
Amends the Illinois Income Tax Act. Provides that a taxpayer who owns and operates a business in Illinois shall be allowed a credit against the tax imposed by subsections (a) and (b) of Section 201 in the amount of $3,750 per employee hired by the taxpayer and retained for 2 years. Provides that the credit may be allowed in the amount of $2,500 in the year the employee is hired and in the amount of $1,250 in the second year of employment. Provides that if the amount of the credit exceeds the taxpayer's liability for the taxable year, the excess may be carried forward and applied to the tax liability of the next 5 years. Effective immediately.
Who sponsors HB 3574?
HB 3574 is sponsored by Thomas Morrison.
What is the current status of HB 3574?
This bill died with 97th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 3574?
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Last checked for changes 3 months ago · updated continuously

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