Bill Status of HB 1749   94th General Assembly

Short Description:  REVENUE-TECH

House Sponsors
Rep. Michael J. Madigan-Barbara Flynn Currie-Dan Reitz

Last Action  View All Actions

DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 250/5

Synopsis As Introduced
Amends the Longtime Owner-Occupant Property Tax Relief Act. Makes a technical change in a Section concerning public policy.

 Fiscal Note (H-AM 1) (Department of Revenue)
 House Bill 1749 (H-AM 1) amends the Illinois Income Tax Act to expand the definition of base income to include an addition that is equal to the amount deducted from the federal income tax return for the depreciation of a sport utility vehicle under Section 179 of the Internal Revenue Code. This provision would increase income tax receipts. However, the Illinois Department of Revenue cannot determine the extent of that increase because the federal deduction for a sport utility vehicle is not identified separately from other property depreciation expenses under Section 179 of the Internal Revenue Code.

 Fiscal Note (H-AM 1) (Department of Revenue)
 This provision would increase income tax receipts. However, the Illinois Department of Revenue cannot determine the extent of that increase because the federal deduction for a sport utility vehicle is not identified separately from other property depreciation expenses under Section 179 of the Internal Revenue Code.

 Fiscal Note (H-AM 2) (Dept. of Revenue)
 This would increase income tax receipts. However, the Illinois Dept. of Revenue cannot determine the extent of that increase because the federal deduction for a sport utility vehicle is not identified separately from other property depreciation expenses under Section 179 of the Internal Revenue Code.

Actions 
DateChamber Action
  2/14/2005HouseFiled with the Clerk by Rep. Michael J. Madigan
  2/14/2005HouseChief Co-Sponsor Rep. Barbara Flynn Currie
  2/14/2005HouseChief Co-Sponsor Rep. Dan Reitz
  2/16/2005HouseFirst Reading
  2/16/2005HouseReferred to Rules Committee
  2/17/2005HouseAssigned to Executive Committee
  3/9/2005HouseDo Pass / Short Debate Executive Committee; 013-000-000
  3/10/2005HousePlaced on Calendar 2nd Reading - Short Debate
  3/10/2005HouseHouse Amendment No. 1 Filed with Clerk by Rep. Kenneth Dunkin
  3/10/2005HouseHouse Amendment No. 1 Referred to Rules Committee
  3/17/2005HouseFiscal Note Requested by Rep. Elaine Nekritz; As Amended by HA 1
  3/22/2005HouseFiscal Note Filed As Amended by HA 1
  3/28/2005HouseFiscal Note Filed As Amended by HA 1
  3/30/2005HouseHouse Amendment No. 2 Filed with Clerk by Rep. Kenneth Dunkin
  3/30/2005HouseHouse Amendment No. 2 Referred to Rules Committee
  4/6/2005HouseHouse Amendment No. 2 Rules Refers to Revenue Committee
  4/6/2005HouseFiscal Note Requested by Rep. Elizabeth Coulson; As Amended by HA 2
  4/8/2005HouseSecond Reading - Short Debate
  4/8/2005HouseHeld on Calendar Order of Second Reading - Short Debate
  4/14/2005HouseFiscal Note Filed As Amended by HA 2
  4/15/2005HouseHouse Amendment No. 2 Re-Referred to Rules Committee
  4/15/2005HouseRule 19(a) / Re-referred to Rules Committee
  1/9/2007HouseSession Sine Die

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