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<xml>
<title>Illinois General Assembly - Bill Status for SB 3498         </title>
<shortdesc>SMALL BUSINESS-INCENTIVE</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Ram Villivalam, Antonio Muņoz, Terry Link, Laura M. Murphy, Michael E. Hastings, Suzy Glowiak Hilton, Julie A. Morrison and Cristina Castro</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 25/5</reference><aliasreference></aliasreference><reference>35 ILCS 25/10</reference><aliasreference></aliasreference><reference>35 ILCS 25/25</reference><aliasreference></aliasreference><reference>35 ILCS 25/30</reference><aliasreference></aliasreference><reference>35 ILCS 25/35</reference><aliasreference></aliasreference><SynopsisText>Amends the Small Business Job Creation Tax Credit Act. Creates a second set of incentive periods beginning on July 1, 2020 and ending on June 30, 2026. Provides that the credit shall not exceed $5,000 per employee hired. Provides that the maximum amount of credits allowed is $75,000,000. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/14/2020</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Ram Villivalam</action>
<statusdate>2/14/2020</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/14/2020</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/25/2020</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>2/26/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Antonio Muņoz</action>
<statusdate>2/26/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Terry Link</action>
<statusdate>2/27/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Laura M. Murphy</action>
<statusdate>2/27/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Michael E. Hastings</action>
<statusdate>2/28/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Suzy Glowiak Hilton</action>
<statusdate>3/4/2020</statusdate><chamber>Senate</chamber><action>To Subcommittee on Tax Exemptions and Credits</action>
<statusdate>3/5/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Julie A. Morrison</action>
<statusdate>3/5/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Cristina Castro</action>
<statusdate>3/18/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 2, 2020</action>
<statusdate>3/25/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 24, 2020</action>
<statusdate>3/25/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading/Passage Deadline Established As May 7, 2020</action>
<statusdate>4/12/2020</statusdate><chamber>Senate</chamber><action>Pursuant to Senate Rule 3-9(b) / Referred to Assignments</action>
<statusdate>4/16/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 30, 2020</action>
<statusdate>4/23/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 7, 2020</action>
<statusdate>4/23/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading/Passage Deadline Established As May 15, 2020</action>
<statusdate>4/30/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 15, 2020</action>
<statusdate>4/30/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading/Passage Deadline Established As May 22, 2020</action>
<statusdate>5/7/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 22, 2020</action>
<statusdate>5/7/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading/Passage Deadline Established As May 29, 2020</action>
<statusdate>5/15/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020</action>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

