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<xml>
<title>Illinois General Assembly - Bill Status for SB 3874         </title>
<shortdesc>INC TX-ENGINEERING STUDENTS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Ram Villivalam-Donald P. DeWitte-Melinda Bush, David Koehler and Jason A. Barickman-Christopher Belt</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/232 new</reference><aliasreference></aliasreference><SynopsisText>Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who employ individuals working within the engineering sector who graduated from an accredited institution of higher learning with a Bachelor's degree or higher. Provides that the credit shall be equal to 10% of the compensation paid for the first through fifth years of employment in the engineering sector if the qualified employee graduated from an institution located in Illinois or 5% of the compensation paid for the first through fifth years of employment in the engineering sector if the qualified employee graduated from an institution not located in Illinois. 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>2/18/2020</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Donald P. DeWitte</action>
<statusdate>2/25/2020</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Melinda Bush</action>
<statusdate>2/27/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. David Koehler</action>
<statusdate>3/3/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Jason A. Barickman</action>
<statusdate>3/4/2020</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Christopher Belt</action>
<statusdate>3/12/2020</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</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>5/24/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10(a) Third Reading Deadline Established As June 23, 2020</action>
<statusdate>5/24/2020</statusdate><chamber>Senate</chamber><action>Approved for Consideration Assignments</action>
<statusdate>5/24/2020</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading November 17, 2020</action>
<statusdate>5/27/2020</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Filed with Secretary by Sen. Ram Villivalam</action>
<statusdate>5/27/2020</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Referred to Assignments</action>
<statusdate>6/24/2020</statusdate><chamber>Senate</chamber><action>Pursuant to Senate Rule 3-9(b) / Referred to Assignments</action>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

