<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 1563         </title>
<shortdesc>INC TX-PUBLICLY TRADED COMPANY</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Bill Cunningham</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2019</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/250.1 new</reference><aliasreference></aliasreference><reference>35 ILCS 10/5-95 new</reference><aliasreference></aliasreference><SynopsisText>Amends the Illinois Income Tax Act and the Economic Development for a Growing Economy Tax Credit Act. Provides that no tax credit may be granted under either of those Acts for any publicly traded company that reports a pay ratio between its chief executive officer's compensation and its employees' median pay of more than 200:1 on a disclosure filed with the United States Securities and Exchange Commission during the taxable year in accordance with the pay ratio disclosure requirement of the Dodd-Frank Wall Street Reform and Consumer Protection Act.</SynopsisText></synopsis>
<actions>
<statusdate>2/9/2017</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Bill Cunningham</action>
<statusdate>2/9/2017</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/9/2017</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/22/2017</statusdate><chamber>Senate</chamber><action>Assigned to Government Reform</action>
<statusdate>3/1/2017</statusdate><chamber>Senate</chamber><action>Postponed - Government Reform</action>
<statusdate>3/17/2017</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/9/2019</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

