BUSINESS TAX CREDIT-INCREASE Senate SponsorsSen. John G. Mulroe-Jacqueline Y. Collins-Ira I. Silverstein-Dan Kotowski, Michael W. Frerichs, Linda Holmes and Annazette R. Collins 1/8/2013SenateSession Sine Die 35 ILCS 25/1035 ILCS 25/25Amends the Small Business Job Creation Tax Credit Act. Provides that a person who operates an Illinois business having 75 or fewer full-time employees (instead of 50 or fewer full-time employees) may apply for the Small Business Job Creation Tax Credit. Extends the incentive period from June 30, 2011 to June 30, 2012, if the seasonally adjusted unemployment rate of the State of Illinois for the month of May 2011 is 7.0% or higher, as reported by the Illinois Department of Employment Security. Raises the cap on the credit from $2,500 to $3,500 for each new employee hired. Changes the manner in which the net increase in full-time Illinois employees is calculated in the event that the incentive period is extended. Contains provisions concerning the applicability of the credit to employers that contract with a Professional Employer Organization. Effective immediately. 1/27/2011SenateFiled with Secretary by Sen. John G. Mulroe 1/27/2011SenateFirst Reading 1/27/2011SenateReferred to Assignments 2/9/2011SenateAssigned to Revenue 2/15/2011SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins 2/15/2011SenatePostponed - Revenue 3/2/2011SenateAdded as Chief Co-Sponsor Sen. Ira I. Silverstein 3/3/2011SenatePostponed - Revenue 3/10/2011SenateTo Revenue Subcommittee on Tax Credits 3/10/2011SenateAdded as Chief Co-Sponsor Sen. Dan Kotowski 3/10/2011SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. John G. Mulroe 3/10/2011SenateSenate Committee Amendment No. 1 Referred to Assignments 3/10/2011SenateAdded as Co-Sponsor Sen. Michael W. Frerichs 3/14/2011SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue 3/17/2011SenateAdded as Co-Sponsor Sen. Linda Holmes 3/18/2011SenateRule 3-9(a) / Re-referred to Assignments 3/18/2011SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments 3/21/2011SenateAdded as Co-Sponsor Sen. Annazette R. Collins 1/8/2013SenateSession Sine Die