INC TX-THRIVE TAX CREDIT
Summary
Creates the Transforming, Helping, and Reviving Illinois' Versatile Economy (THRIVE) Job Creation Tax Credit Act. Provides that the Department of Commerce and Economic Opportunity shall award an income tax credit to taxpayers that meet certain criteria. Contains job creation and capital investment requirements. Provides that the credit may not exceed 50% of the incremental income tax attributable to the applicant's project. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2017
Committee Review
Floor Vote
Governor
Introduced Feb 10, 2017
Last action Jan 9, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
15
Key actions
0
Committee
5
Jan 9, 2019
Senate · Failed
Session Sine Die
May 5, 2017
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Apr 7, 2017
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As May 5, 2017
Mar 17, 2017
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As April 7, 2017
Feb 28, 2017
Senate · Referred to committee
Assigned to Revenue
Feb 10, 2017
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
William E. Brady
RRepublican
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