The General Assembly finds that the Illinois economy is mired in one of the worst economic recessions it has ever suffered. Small businesses in particular have been hit hard by the economy, resulting in levels of high unemployment throughout the State. In order to reverse the trend of high unemployment and to help spur the economy to recovery, it is necessary to assist and encourage small businesses in the hiring of new employees.
35 ILCS 25/5
Findings and purpose
Known as the Small Business Job Creation Tax Credit Act
The act spans §§ 35-25-1 to 35-25-999 (13 sections).
P.A. 96-888, eff. 4-13-10.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.