Illinois 94th Regular Session Status: Passed Senate 2 D cosponsors

SB 615 — ECON DEV CREDIT-QUALIFICATION

Last action — Session Sine Die

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

This bill died with 94th Regular Session. It reached “Passed Senate” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 Economic Development for a Growing Economy Tax Credit Act. Provides that an Applicant may qualify for tax credits if the Applicant has 100 or fewer employees and is located or will locate in a county for which the annual unemployment rate was at least 1% higher than the average annual statewide unemployment rate during the most recent year for which those statistics are available from the Department of Employment Security, the project will involve an investment of at least $500,000 in capital improvements to be placed in service, and the project will employ at least 2 New Employees within the State as a direct result of the project. Effective immediately.

Bill Text

What changed in the latest version

2 added · 25 removed

Plain-language change summary

The changes to Bill SB 615 include adding conditions for applicants to qualify for tax credits under the Economic Development for a Growing Economy Tax Credit Act by specifying that they must have 100 or fewer employees. The bill now also requires applicants to invest at least $500,000 in capital improvements and create at least two new jobs. These updates are important because they aim to ensure that tax benefits are directed towards smaller businesses in areas with higher unemployment, potentially fostering local job growth and economic development.

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*LRB09404267MKM34292b* SB0615 94TH GENERAL ASSEMBLY State of Illinois and 2006 SB0615 Introduced 2/18/2005, by Sen.
SB0615 Engrossed LRB094 04267 MKM 34292 b AN ACT concerning revenue.
Gary Forby SYNOPSIS AS INTRODUCED:
ILCS 10/5-20 Amends the Economic Development for a Growing Economy Tax Credit Act.
Provides that an Applicant may qualify for tax credits if the Applicant has or fewer employees and is located or will locate in a county for which the annual unemployment rate was at least 1% higher than the average annual statewide unemployment rate during the most recent year for which those statistics are available from the Department of Employment Security, the project will involve an investment of at least $500,000 in capital improvements to be placed in service, and the project will employ at least New Employees within the State as a direct result of the project.
Effective immediately.
LRB094 04267 MKM 34292 b FISCAL NOTE ACT MAY APPLY A BILL FOR SB0615 LRB094 04267 MKM 34292 b AN ACT concerning revenue.
or SB0615 - 2 - LRB094 04267 MKM 34292 b (3) if the applicant has 100 or fewer employees, involve an investment of at least $1,000,000 in capital improvements to be placed in service and to employ at least 5 New Employees within the State as a direct result of the project;
or SB0615 Engrossed - 2 - LRB094 04267 MKM 34292 b (3) if the applicant has 100 or fewer employees, involve an investment of at least $1,000,000 in capital improvements to be placed in service and to employ at least 5 New Employees within the State as a direct result of the project;
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Action History

  1. Session Sine Die

  2. Added Alternate Co-Sponsor Rep. Lisa M. Dugan

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

  4. Added Alternate Co-Sponsor Rep. Annazette Collins

  5. Added Alternate Co-Sponsor Rep. Gary Hannig

  6. Added Alternate Co-Sponsor Rep. Kurt M. Granberg

  7. Added Alternate Co-Sponsor Rep. Daniel V. Beiser

  8. Added Alternate Chief Co-Sponsor Rep. David R. Leitch

  9. Alternate Co-Sponsor Removed Rep. David E. Miller

  10. Added Alternate Chief Co-Sponsor Rep. David E. Miller

  11. Added Alternate Co-Sponsor Rep. Arthur L. Turner

  12. Added Alternate Co-Sponsor Rep. William Davis

  13. Added Alternate Co-Sponsor Rep. Wyvetter H. Younge

  14. Added Alternate Co-Sponsor Rep. Milton Patterson

  15. Added Alternate Co-Sponsor Rep. Robin Kelly

  16. Added Alternate Co-Sponsor Rep. David E. Miller

  17. Assigned to Executive Committee

  18. Added Alternate Co-Sponsor Rep. John E. Bradley

  19. Added Alternate Co-Sponsor Rep. Linda Chapa LaVia

  20. Added Alternate Co-Sponsor Rep. Careen M Gordon

  21. Added Alternate Co-Sponsor Rep. Naomi D. Jakobsson

  22. Referred to Rules Committee

  23. First Reading

  24. Added Alternate Co-Sponsor Rep. Charles E. Jefferson

  25. Added Alternate Co-Sponsor Rep. Michelle Chavez

  26. Added Alternate Chief Co-Sponsor Rep. Dave Winters

  27. Added Alternate Chief Co-Sponsor Rep. Robert F. Flider

  28. Chief House Sponsor Rep. Aaron Schock

  29. Placed on Calendar Order of First Reading

  30. Arrived in House

  31. Third Reading - Passed; 056-000-000

  32. Added as Chief Co-Sponsor Sen. John M. Sullivan

  33. Added as Chief Co-Sponsor Sen. Deanna Demuzio

  34. Placed on Calendar Order of 3rd Reading March 9, 2005

  35. Second Reading

  36. Added as Co-Sponsor Sen. Dave Syverson

  37. Added as Chief Co-Sponsor Sen. Martin A. Sandoval

  38. Placed on Calendar Order of 2nd Reading March 8, 2005

  39. Do Pass Commerce & Economic Development; 009-000-000

  40. Assigned to Commerce & Economic Development

  41. Referred to Rules

  42. First Reading

  43. Filed with Secretary by Sen. Gary Forby

Sponsors

  • Gary Forby · Cosponsor
  • Michelle Chavez · Cosponsor
  • Charles E. Jefferson · Cosponsor
  • Naomi D. Jakobsson · Cosponsor
  • Careen M Gordon · Cosponsor
  • John E. Bradley · Cosponsor
  • Robin Kelly · Cosponsor
  • Milton Patterson · Cosponsor
  • Wyvetter H. Younge · Cosponsor
  • William "Will" Davis · Cosponsor
  • Arthur L. Turner · Cosponsor
  • Daniel V. Beiser · Cosponsor
  • Kurt M. Granberg · Cosponsor
  • Gary Hannig · Cosponsor
  • Lisa M. Dugan · Cosponsor
  • Lakesia Collins · Cosponsor
  • Chapa LaVia · Cosponsor

Sponsorship breakdown

Export CSV (upgrade) →

0 sponsors · 17 co-sponsors · 166 not signed on

Sponsors (0)

None.

Co-sponsors (17)

  • Gary Forby
  • Michelle Chavez
  • Charles E. Jefferson
  • Naomi D. Jakobsson
  • Careen M Gordon
  • John E. Bradley
  • Robin Kelly
  • Milton Patterson
  • Wyvetter H. Younge
  • William "Will" Davis Democrat
  • Arthur L. Turner
  • Daniel V. Beiser
  • Kurt M. Granberg
  • Gary Hannig
  • Lisa M. Dugan
  • Lakesia Collins Democrat
  • Chapa LaVia

Not signed on (166)

166 members have not signed on to this bill.

Show all 166 →

"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Third Reading

Passed 56 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 50003
Democrat 5000
Republican 1000
Total 56003
% of votes cast 95%0%0%5%
How each member voted (59)
Member Party Vote
Sandoval — Yea
Sieben — Yea
Silverstein — Yea
Luechtefeld — Yea
Althoff — Yea
Martinez — Yea
Bomke — Yea
Burzynski — Yea
Clayborne — Yea
Cronin — Yea
Meeks — Yea
Pankau — Yea
Peterson — Yea
Schoenberg — Yea
Shadid — Yea
Trotter — Yea
Brady — Yea
Sullivan, D. — Yea
Sullivan, J. — Yea
Petka — Yea
Jacobs — Yea
Crotty — Yea
Garrett — Yea
Haine — Yea
Halvorson — Yea
Hendon — Yea
Jones, J. — Yea
Cullerton — Yea
Watson — Yea
Jones, W. — Yea
Lauzen — Yea
Demuzio — Yea
Link — Yea
Munoz — Not Voting
Maloney — Yea
Viverito — Yea
Wilhelmi — Yea
Winkel — Yea
Wojcik — Not Voting
Dahl — Yea
DeLeo — Yea
Dillard — Yea
Forby — Yea
Geo-Karis — Not Voting
Radogno — Yea
Raoul — Yea
Rauschenberger — Yea
Righter — Yea
Risinger — Yea
Ronen — Yea
Roskam — Yea
Rutherford — Yea
del Valle — Yea
Don Harmon Democrat Yea
Emil Jones, III Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Mattie Hunter Democrat Yea
Dave Syverson Republican Yea

Official roll call →

Subjects

taxation labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 615 do?
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that an Applicant may qualify for tax credits if the Applicant has 100 or fewer employees and is located or will locate in a county for which the annual unemployment rate was at least 1% higher than the average annual statewide unemployment rate during the most recent year for which those statistics are available from the Department of Employment Security, the project will involve an investment of at least $500,000 in capital improvements to be placed in service, and the project will employ at least 2 New Employees within the State as a direct result of the project. Effective immediately.
Who sponsors SB 615?
SB 615 is sponsored by Gary Forby, Michelle Chavez, Charles E. Jefferson, Naomi D. Jakobsson, Careen M Gordon, John E. Bradley, Robin Kelly, Milton Patterson, Wyvetter H. Younge, William "Will" Davis (Democrat), Arthur L. Turner, Daniel V. Beiser, Kurt M. Granberg, Gary Hannig, Lisa M. Dugan, Lakesia Collins (Democrat), and Chapa LaVia.
What is the current status of SB 615?
This bill died with 94th Regular Session. It reached “Passed Senate” 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 SB 615?
Track SB 615 free on One Click Politics — get push/email alerts when it moves.

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