Renews the Small Business Job Creation Tax Credit Act for incentive periods from July 1, 2018, to June 30, 2025.
The Illinois Small Business Job Creation Tax Credit Act is amended to renew the program for incentive periods beginning on or after July 1, 2018, and ending on or before June 30, 2025. The bill removes language concerning the Put Illinois to Work Program for the second series of incentive periods. It defines "full-time employee" as an individual employed for at least 35 hours each week or who meets industry standards for full-time employment. The credit is awarded for new employees who result in a net increase in full-time Illinois employees and who are receiving a basic wage.
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