Illinois 96th Regular Session Status: In Committee 1 D cosponsors

SB 3657 — INC TX-SMALL BUSINESS CREDIT

Last action — Session Sine Die

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

This bill died with 96th 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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. Creates a credit for taxpayers who own and operate a small business in Illinois. Provides that the credit shall be an amount equal to (i) $1,000 for each eligible employee hired during the taxable year or (ii) $1,500 for each eligible employee hired during the taxable year who was receiving unemployment benefits from the State at the time he or she was hired. Provides that the eligible employee must be employed for at least 180 consecutive days. Provides that the taxpayer must have at least a 50% ownership interest in the small business. Provides that the credit may be carried forward for a period of 5 years. Effective immediately.

Bill Text

Action History

  1. Session Sine Die

  2. Senate Floor Amendment No. 1 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b).

  3. Pursuant to Senate Rule 3-9(b) / Referred to Assignments

  4. Added as Co-Sponsor Sen. Ira I. Silverstein

  5. Added as Co-Sponsor Sen. Antonio Muñoz

  6. Added as Co-Sponsor Sen. Terry Link

  7. Added as Co-Sponsor Sen. Jacqueline Y. Collins

  8. Added as Co-Sponsor Sen. Heather Steans

  9. Added as Co-Sponsor Sen. Toi W. Hutchinson

  10. Added as Co-Sponsor Sen. John M. Sullivan

  11. Added as Co-Sponsor Sen. William R. Haine

  12. Added as Co-Sponsor Sen. Deanna Demuzio

  13. Added as Co-Sponsor Sen. Emil Jones, III

  14. Added as Co-Sponsor Sen. A. J. Wilhelmi

  15. Senate Floor Amendment No. 1 Postponed - Commerce

  16. Added as Chief Co-Sponsor Sen. Dan Kotowski

  17. Added as Co-Sponsor Sen. David Luechtefeld

  18. Added as Co-Sponsor Sen. Dale A. Righter

  19. Added as Chief Co-Sponsor Sen. John J. Millner

  20. Senate Floor Amendment No. 1 Assignments Refers to Commerce

  21. Senate Floor Amendment No. 1 Referred to Assignments

  22. Senate Floor Amendment No. 1 Filed with Secretary by Sen. Linda Holmes

  23. Placed on Calendar Order of 2nd Reading March 9, 2010

  24. Do Pass Commerce; 008-001-000

  25. Assigned to Commerce

  26. Referred to Assignments

  27. First Reading

  28. Filed with Secretary by Sen. Linda Holmes

Sponsors

Sponsorship breakdown

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

Sponsors (0)

None.

Co-sponsors (1)

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.

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

Subjects

taxation labor
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Frequently asked questions

What does SB 3657 do?
Amends the Illinois Income Tax Act. Creates a credit for taxpayers who own and operate a small business in Illinois. Provides that the credit shall be an amount equal to (i) $1,000 for each eligible employee hired during the taxable year or (ii) $1,500 for each eligible employee hired during the taxable year who was receiving unemployment benefits from the State at the time he or she was hired. Provides that the eligible employee must be employed for at least 180 consecutive days. Provides that the taxpayer must have at least a 50% ownership interest in the small business. Provides that the credit may be carried forward for a period of 5 years. Effective immediately.
Who sponsors SB 3657?
SB 3657 is sponsored by Linda Holmes (Democrat).
What is the current status of SB 3657?
This bill died with 96th 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 SB 3657?
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