This week is the deadline for Senate Bills to pass the House, a critical deadline as session winds down. We expect to see a number of contentious bills debated on the floor this week. The House and Senate will be in Springfield virtually every day until spring session ends on May 31st.

The third reading deadline in the House has come and gone and we are not in session this week. This deadline serves as the primary end point for voting on bills that originated in the House. When we return next week, we will begin discussion of the bills that passed the Senate.

Blue Collar Jobs Act
House Republicans filed a bill last week supported by both labor and business groups and offers tax incentives to companies making significant capital improvements in Illinois based on the withholding tax paid to construction workers. It does this through the creation of four new tax credits, including:
  • High Impact Business construction jobs credit
  • Enterprise Zone construction jobs credit
  • New Construction EDGE Credit
  • River Edge construction jobs credit
The tax credits are meant to incentivize the company to construct new buildings or improve existing buildings which can’t be built without the use of Illinois labor. The tax credits only become available after the work has been fully completed. There is no risk to the State for a company not meeting its requirement as the State has already captured the withholding tax prior to the tax credit being issued.