Date	Chamber	Action
1/9/2007	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/216 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Establishes an income tax credit for taxpayers who make cash donations to school districts. Provides that the amount of the credit is the amount of the donations made during the taxable year. Provides that, to receive a credit, the taxpayer must present to the Department of Revenue a certification from the school district receiving the donation. Provides that to qualify for the credit, the amount of the donation must be $150 or more in the case of an individual, trust, estate, or partnership or $1,500 or more in the case of a corporation. Provides that the credit may not be carried forward or back. Provides that, in no event, may the credit reduce the taxpayer's liability to less than zero. Requires the Department of Revenue, in cooperation with the State Board of Education, to adopt rules concerning the credit. Effective immediately.

Actions 

Date	Chamber	Action
2/2/2005	House	Filed with the Clerk by Rep. Marlow H. Colvin
2/2/2005	House	First Reading
2/2/2005	House	Referred to Rules Committee
2/3/2005	House	Added Chief Co-Sponsor Rep. Sidney H. Mathias
2/3/2005	House	Added Chief Co-Sponsor Rep. Karen A. Yarbrough
2/3/2005	House	Added Chief Co-Sponsor Rep. Patricia Bailey
2/3/2005	House	Added Chief Co-Sponsor Rep. Paul D. Froehlich
2/8/2005	House	Assigned to Revenue Committee
3/10/2005	House	Added Co-Sponsor Rep. Robin Kelly
3/10/2005	House	Added Co-Sponsor Rep. Deborah L. Graham
3/10/2005	House	Rule 19(a) / Re-referred to Rules Committee
3/17/2005	House	Added Co-Sponsor Rep. Charles E. Jefferson
3/17/2005	House	Added Co-Sponsor Rep. Michelle Chavez
1/9/2007	House	Session Sine Die

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