INC TX-HUBZONE-SMALL BUSINESS
Summary
Amends the Illinois Income Tax Act. Provides that each taxpayer who is employed by a business that would qualify as a federal HUBZone small business concern but for the fact that fewer than 35% of its employees reside within a federal HUBZone is eligible for an income tax credit in the amount of $500 if the employee first moves into a federal HUBZone during the taxable year. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2018
Committee Review
Floor Vote
Governor
Introduced Feb 6, 2018
Last action Jan 9, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
1
Committee
4
Apr 27, 2018
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
Apr 13, 2018
Upper · Passed
Rule 2-10 Committee Deadline Established As April 27, 2018
upper
Feb 7, 2018
Committee
Assigned to Revenue
upper
Feb 6, 2018
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
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