SMALL BUSINESS CREDIT-RENEW
Summary
Amends the Small Business Job Creation Tax Credit Act. Provides that the Act applies for a second set of incentive periods beginning on July 1, 2019 and ending on June 30, 2026. Provides that certain provisions concerning employees who had participated as worker-trainees in the Put Illinois to Work Program during 2010 do not apply to the second set of incentive periods. Provides that the term "basic wage" means not less than $15 per hour (currently, $10). Effective immediately.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2019
Committee Review
Floor Vote
Governor
Introduced Feb 6, 2019
Last action Jul 1, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
26
Key actions
2
Committee
5
Mar 28, 2019
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
Mar 22, 2019
Upper · Passed
Rule 2-10 Committee Deadline Established As March 28, 2019
upper
Feb 21, 2019
Upper · Passed
To Subcommittee on Tax Exemptions and Credits
upper
Feb 13, 2019
Committee
Assigned to Revenue
upper
Feb 6, 2019
Committee
Referred to Assignments
upper
0 primary · 18 co-sponsors
Sponsors
No sponsor information available.
Ask Maddy
·
AI policy assistant
Ask Maddy about SB 1232
Scope: IL
Hi! I can help you understand SB 1232. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline