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<xml>
<title>Illinois General Assembly - Bill Status for HB 2735         </title>
<shortdesc>SMALL BUSINESS TAX CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Curtis J. Tarver, II-Karina Villa and Jonathan "Yoni" Pizer</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 25/10</reference><aliasreference></aliasreference><reference>35 ILCS 25/25</reference><aliasreference></aliasreference><reference>35 ILCS 25/35</reference><aliasreference></aliasreference><SynopsisText>     Amends the Small Business Job Creation Tax Credit Act. Renews the program for incentive periods beginning on or after July 1, 2018 and ending on or before June 30, 2025. Removes language concerning the Put Illinois to Work Program for the second series of incentive periods. Provides that the term "full-time employee" means an individual who is employed for a basic wage for at least 35 hours each week (currently, employed for a basic wage for at least 35 hours each week or renders any other standard of service generally accepted by industry custom or practice as full-time employment). Provides that a net increase in the number of full-time Illinois employees shall be treated as continuous if a different new employee is hired as a replacement within 8 weeks after the position becomes vacant (currently, a reasonable time). Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/14/2019</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Curtis J. Tarver, II</action>
<statusdate>2/14/2019</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/14/2019</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/26/2019</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/6/2019</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/11/2019</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Curtis J. Tarver, II</action>
<statusdate>3/11/2019</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>3/19/2019</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Revenue &amp; Finance Committee</action>
<statusdate>3/29/2019</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>3/29/2019</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee</action>
<statusdate>4/4/2019</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Karina Villa</action>
<statusdate>5/22/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jonathan "Yoni" Pizer</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

