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Inc Tx-publicly Traded Company

This bill failed and is no longer moving.

IL SB 1563 · Senate Bill · 100th

Stage
Failed
Started in
Senate
Sponsor
1
Latest action
Jan 9, 2019

What it does

Amends the Illinois Income Tax Act and the Economic Development for a Growing Economy Tax Credit Act. Provides that no tax credit may be granted under either of those Acts for any publicly traded company that reports a pay ratio between its chief executive officer's compensation and its employees' median pay of more than 200:1 on a disclosure filed with the United States Securities and Exchange Commission during the taxable year in accordance with the pay ratio disclosure requirement of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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Where it stands

This bill failed and is no longer moving.

Failed

This bill failed and is no longer moving.

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

  • Bill CunninghamSponsor

Where it goes next

Once a bill is decided, the questions are about what is done with it in Illinois.

Work with this bill

INC TX-PUBLICLY TRADED COMPANY | 52