Date	Chamber	Action
1/10/2023	House	Session Sine Die

Statutes Amended In Order of Appearance

New Act

35 ILCS 5/234 new

Synopsis As Introduced
Creates the Endow Illinois Tax Credit Act. Creates an income tax credit for taxpayers who provide an endowment gift to a permanent endowment fund. Provides that the amount of the credit is an amount equal to 50% of the endowment gift. Sets forth the aggregate amount of the credit. Provides that the Department of Revenue shall administer the credit. Provides that the Department of Revenue shall submit an annual report to the Governor and the General Assembly concerning the activities conducted under the Act during the previous calendar year. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

Actions 

Date	Chamber	Action
10/5/2022	House	Filed with the Clerk by Rep. Michael J. Zalewski
10/5/2022	House	Added Chief Co-Sponsor Rep. Norine K. Hammond
10/5/2022	House	Added Co-Sponsor Rep. Joe Sosnowski
10/14/2022	House	Added Co-Sponsor Rep. Michael Halpin
10/18/2022	House	Added Co-Sponsor Rep. Denyse Wang Stoneback
11/9/2022	House	Added Co-Sponsor Rep. Thomas M. Bennett
11/16/2022	House	First Reading
11/16/2022	House	Referred to Rules Committee
11/30/2022	House	Added Co-Sponsor Rep. Jehan Gordon-Booth
12/1/2022	House	Added Co-Sponsor Rep. Jackie Haas
12/1/2022	House	Added Co-Sponsor Rep. Camille Y. Lilly
12/1/2022	House	Added Co-Sponsor Rep. LaToya Greenwood
12/6/2022	House	Added Co-Sponsor Rep. La Shawn K. Ford
12/13/2022	House	Added Co-Sponsor Rep. Margaret Croke
12/15/2022	House	Added Co-Sponsor Rep. Elizabeth Hernandez
1/9/2023	House	Added Co-Sponsor Rep. William Davis
1/10/2023	House	Session Sine Die

Back To Top