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HB 2900 Illinois House · 101st Regular Session

INC TX-WITHHOLDING

Summary
Amends the Illinois Income Tax Act if and only if Senate Bill 1 of the 101st General Assembly becomes law. Provides that a withholding tax credit for full-time equivalent employees created in Senate Bill 1 applies for reporting periods that begin on or after January 1, 2020 (in the bill, reporting periods that begin on or after January 1, 2020 and end on or before December 31, 2027). Provides that the maximum credit is determined by the Metropolitan and Nonmetropolitan area of the State that is the base of operations of the employee, as those areas are determined as of May 2017. Makes changes concerning the amount of the credit based on the Metropolitan and Nonmetropolitan area of the State. Effective immediately.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2019
Committee Review
Floor Vote
Governor
Introduced Feb 14, 2019 Last action Jun 23, 2020
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
20
Key actions
2
Committee
7
Jun 23, 2020
Committee
Rule 19(b) / Re-referred to Rules Committee
lower
Feb 5, 2020
Lower · Passed
To Income Tax Subcommittee
lower
Jan 28, 2020
Committee
Assigned to Revenue & Finance Committee
lower
Mar 29, 2019
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 6, 2019
Lower · Passed
To Income Tax Subcommittee
lower
Feb 26, 2019
Committee
Assigned to Revenue & Finance Committee
lower
Feb 14, 2019
Committee
Referred to Rules Committee
lower
0 primary · 9 co-sponsors

Sponsors

No sponsor information available.