IL SB1448 | 2013-2014 | 98th General Assembly

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on January 13 2015 - 100% progression
Action: 2015-01-13 - Session Sine Die
Text: Latest bill text (Amended) [HTML]

Summary

Creates the Endow Illinois Tax Credit Act and amends the Illinois Income Tax Act. Requires the Department of Revenue to authorize an income tax credit to taxpayers who provide an endowment gift to a permanent endowment fund. Sets forth procedures and criteria for authorizing the credits. Provides that the aggregate amount of all credits that the Department may authorize may not exceed $10,000,000 in 2013, $25,000,000 in 2014, or $50,000,000 in 2015 and each calendar year thereafter. Provides conditions for eligibility. Requires the Department to make an annual report concerning the credits. Provides that the credit may be carried forward for 5 years. Exempts the credit from the Act's sunset provisions. Effective immediately.

Tracking Information

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Title

ENDOW ILLINOIS TAX CREDIT ACT

Sponsors


Roll Calls

2013-11-06 - House - Third Reading in House (Y: 86 N: 28 NV: 3 Abs: 0) [PASS]
2013-05-22 - Senate - Third Reading in Senate (Y: 47 N: 4 NV: 8 Abs: 0) [PASS]

History

DateChamberAction
2015-01-13SenateSession Sine Die
2014-01-03SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
2013-11-06SenateAdded as Chief Co-Sponsor Sen. Kirk W. Dillard
2013-11-06SenatePlaced on Calendar Order of Concurrence House Amendment(s) 2 - November 7, 2013
2013-11-06SenateSecretary's Desk - Concurrence House Amendment(s) 2
2013-11-06HouseAlternate Co-Sponsor Removed Rep. Robyn Gabel
2013-11-06HouseThird Reading - Short Debate - Passed 086-028-001
2013-11-06House3/5 Vote Required
2013-11-06HousePlaced on Calendar Order of 3rd Reading - Short Debate
2013-11-06HouseAdded Alternate Co-Sponsor Rep. Robert W. Pritchard
2013-11-06HouseAdded Alternate Chief Co-Sponsor Rep. Patricia R. Bellock
2013-11-06HouseAlternate Chief Co-Sponsor Removed Rep. Robert W. Pritchard
2013-11-06HouseHouse Floor Amendment No. 3 Referred to Rules Committee
2013-11-06HouseHouse Floor Amendment No. 3 Filed with Clerk by Rep. Jeanne M Ives
2013-11-06SenateAdded as Co-Sponsor Sen. David Koehler
2013-11-05HouseHeld on Calendar Order of Second Reading - Short Debate
2013-11-05HouseSecond Reading - Short Debate
2013-11-05HousePlaced on Calendar 2nd Reading - Short Debate
2013-11-05HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
2013-11-05HouseDo Pass as Amended / Short Debate Revenue & Finance Committee; 008-000-000
2013-11-05HouseHouse Committee Amendment No. 2 Adopted in Revenue & Finance Committee; by Voice Vote
2013-11-05HouseAlternate Chief Sponsor Changed to Rep. Michael J. Zalewski
2013-11-05HouseHouse Committee Amendment No. 2 Rules Refers to Revenue & Finance Committee
2013-11-04HouseHouse Committee Amendment No. 2 Referred to Rules Committee
2013-11-04HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Michael J. Zalewski
2013-10-30HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
2013-10-30HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2013-10-30HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski
2013-10-21HouseAdded Alternate Co-Sponsor Rep. Linda Chapa LaVia
2013-10-16HouseAssigned to Revenue & Finance Committee
2013-10-16HouseFinal Action Deadline Extended-9(b) November 30, 2013
2013-10-01HouseAdded Alternate Co-Sponsor Rep. Arthur Turner
2013-06-07HouseAdded Alternate Co-Sponsor Rep. Kay Hatcher
2013-05-31HouseAdded Alternate Co-Sponsor Rep. Robyn Gabel
2013-05-31HouseAdded Alternate Co-Sponsor Rep. Maria Antonia Berrios
2013-05-31HouseAdded Alternate Co-Sponsor Rep. Daniel J. Burke
2013-05-31HouseAdded Alternate Co-Sponsor Rep. Elizabeth Hernandez
2013-05-31HouseAdded Alternate Co-Sponsor Rep. Cynthia Soto
2013-05-31HouseAlternate Chief Co-Sponsor Changed to Rep. Joe Sosnowski
2013-05-31HouseAlternate Chief Co-Sponsor Changed to Rep. John M. Cabello
2013-05-31HouseAlternate Chief Co-Sponsor Changed to Rep. John M. Cabello
2013-05-31HouseAdded Alternate Chief Co-Sponsor Rep. Joe Sosnowski
2013-05-31HouseAdded Alternate Chief Co-Sponsor Rep. John M. Cabello
2013-05-31HouseAdded Alternate Co-Sponsor Rep. David R. Leitch
2013-05-31HouseAdded Alternate Co-Sponsor Rep. C.D. Davidsmeyer
2013-05-30HouseAdded Alternate Co-Sponsor Rep. Norine Hammond
2013-05-30HouseAdded Alternate Co-Sponsor Rep. Mike Bost
2013-05-28HouseAdded Alternate Co-Sponsor Rep. Jil Tracy
2013-05-28HouseAdded Alternate Co-Sponsor Rep. Kenneth Dunkin
2013-05-27HouseAdded Alternate Co-Sponsor Rep. Adam Brown
2013-05-27HouseAdded Alternate Co-Sponsor Rep. Tom Demmer
2013-05-24HouseAlternate Chief Co-Sponsor Changed to Rep. Naomi D. Jakobsson
2013-05-24HouseAdded Alternate Chief Co-Sponsor Rep. Naomi D. Jakobsson
2013-05-24HouseAdded Alternate Co-Sponsor Rep. William Davis
2013-05-23HouseReferred to Rules Committee
2013-05-23HouseFirst Reading
2013-05-23HouseAdded Alternate Chief Co-Sponsor Rep. Robert W. Pritchard
2013-05-23HouseChief House Sponsor Rep. Barbara Flynn Currie
2013-05-23HouseArrived in House
2013-05-22SenateThird Reading - Passed; 047-004-001
2013-05-22SenateAdded as Co-Sponsor Sen. Michael Connelly
2013-05-22SenateAdded as Co-Sponsor Sen. Michael E. Hastings
2013-05-22SenatePlaced on Calendar Order of 3rd Reading
2013-05-22SenateSenate Floor Amendment No. 2 Adopted; Muñoz
2013-05-22SenateRecalled to Second Reading
2013-05-16SenateSenate Floor Amendment No. 2 Recommend Do Adopt Revenue; 008-002-000
2013-05-09SenateAdded as Co-Sponsor Sen. Martin A. Sandoval
2013-05-09SenateAdded as Co-Sponsor Sen. Mattie Hunter
2013-05-07SenateAdded as Chief Co-Sponsor Sen. Don Harmon
2013-05-06SenateAdded as Co-Sponsor Sen. Mike Jacobs
2013-05-02SenateRule 2-10 Third Reading Deadline Established As May 31, 2013
2013-05-01SenateSponsor Removed Sen. Kirk W. Dillard
2013-05-01SenateAdded as Co-Sponsor Sen. Kirk W. Dillard
2013-05-01SenateAdded as Co-Sponsor Sen. Iris Y. Martinez
2013-05-01SenateAdded as Co-Sponsor Sen. Jacqueline Y. Collins
2013-05-01SenateAdded as Co-Sponsor Sen. Donne E. Trotter
2013-04-29SenateRule 2-10 Third Reading Deadline Established As May 3, 2013
2013-04-24SenatePlaced on Calendar Order of 3rd Reading April 25, 2013
2013-04-24SenateSecond Reading
2013-04-24SenateSenate Floor Amendment No. 2 Postponed - Revenue
2013-04-23SenateAdded as Co-Sponsor Sen. David S. Luechtefeld
2013-04-17SenateSenate Floor Amendment No. 2 Postponed - Revenue
2013-04-17SenateSenate Floor Amendment No. 2 Assignments Refers to Revenue
2013-04-12SenateAdded as Co-Sponsor Sen. Steve Stadelman
2013-04-11SenateAdded as Co-Sponsor Sen. Linda Holmes
2013-04-11SenateSenate Floor Amendment No. 2 Referred to Assignments
2013-04-11SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Antonio Muñoz
2013-04-09SenateAdded as Co-Sponsor Sen. Dave Syverson
2013-04-08SenateAdded as Co-Sponsor Sen. Tim Bivins
2013-03-22SenateAdded as Co-Sponsor Sen. Dan Kotowski
2013-03-20SenatePlaced on Calendar Order of 2nd Reading March 21, 2013
2013-03-20SenateDo Pass as Amended Revenue; 007-003-001
2013-03-20SenateSenate Committee Amendment No. 1 Adopted
2013-03-19SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
2013-03-15SenateSenate Committee Amendment No. 1 Referred to Assignments
2013-03-15SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Antonio Muñoz
2013-03-13SenatePostponed - Revenue
2013-03-12SenateAdded as Co-Sponsor Sen. Wm. Sam McCann
2013-03-06SenatePostponed - Revenue
2013-03-05SenateAdded as Co-Sponsor Sen. Sue Rezin
2013-03-01SenateAdded as Co-Sponsor Sen. Michael W. Frerichs
2013-03-01SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff
2013-02-28SenatePostponed - Revenue
2013-02-19SenateAdded as Co-Sponsor Sen. Darin M. LaHood
2013-02-14SenateAssigned to Revenue
2013-02-14SenateAdded as Co-Sponsor Sen. William Delgado
2013-02-06SenateReferred to Assignments
2013-02-06SenateFirst Reading
2013-02-06SenateFiled with Secretary by Sen. Antonio Muñoz

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355224New CodeSee Bill Text

Illinois State Sources


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