Bill Status of HB 503   97th General Assembly

Short Description:  REVENUE-TECH

House Sponsors
Rep. Fred Crespo-Thaddeus Jones-Al Riley-Naomi D. Jakobsson-Arthur Turner

Senate Sponsors
(Sen. Toi W. Hutchinson, Michael W. Frerichs and Dan Kotowski)


Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/1-55

Synopsis As Introduced
Amends the Property Tax Code. Makes a technical change in a Section concerning the definition of "33 1/3%".

House Floor Amendment No. 2
Deletes reference to:
35 ILCS 200/1-55
Adds reference to:
35 ILCS 200/9-195
35 ILCS 200/15-161 new

Replaces everything after the enacting clause. Amends the Property Tax Code. Provides that all property of a municipal airport belonging to a single municipality with less than 50,000 inhabitants in a county with more than 3,000,000 inhabitants is exempt from taxation under the Code. Provides that all property of a municipal airport belonging to a single municipality with less than 50,000 inhabitants in a county with more than 3,000,000 inhabitants that is leased to a public or private entity is exempt from leasehold taxes under the Code. Effective immediately.

Senate Floor Amendment No. 1
Deletes reference to:
35 ILCS 200/9-195
35 ILCS 200/15-161
Adds reference to:
New Act
35 ILCS 5/223 new

Replaces everything after the enacting clause. Creates the Interactive Digital Media Tax Credit Act. Entitles interactive digital media companies that meet certain requirements to an income tax credit based on the amount of the Illinois labor expenditure and Illinois production spending approved by the Department of Commerce and Economic Opportunity for the production. Authorizes taxpayers to take the credit beginning in the taxable year in which the company has met the investment requirement. Provides for the transfer of credits. Requires the Department to submit a report concerning the program to the General Assembly no later than July 1, 2017. Provides that the Act is repealed on July 1, 2018. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

Senate Floor Amendment No. 2
Under the definition of "base Illinois production spending", provides that the average amount of expenses incurred by the applicant for all productions in calendar years 2009, 2010, and 2011 includes compensation paid to vendors for contractual or salaried employees of the vendor (rather than compensation paid to contractual or salaried employees) who are Illinois residents and who perform services with respect to the accredited production. Provides that "credit" means (i) an amount equal to 30% of the (a) Illinois production spending and (b) Illinois labor expenditure for the taxable year; and (ii) an additional amount equal to 5% of the Illinois production spending if the accredited production company is located in a geographic area of high poverty or high unemployment. Under the definition of "Illinois production spending", provides that the expenses incurred by the applicant for an accredited production above the base Illinois production spending include the compensation paid by a vendor for contractual or salaried employees of the vendor (rather than, the compensation for contractual or salaried employees) who are Illinois residents performing services with respect to the accredited production. Further amends the Illinois Income Tax Act to delete a provision exempting the Section concerning the Interactive Digital Media Tax Credit from the sunset provisions of the Act.

Actions 
DateChamber Action
  1/31/2011HouseFiled with the Clerk by Rep. Michael J. Madigan
  1/31/2011HouseFirst Reading
  1/31/2011HouseReferred to Rules Committee
  2/8/2011HouseAssigned to Executive Committee
  3/14/2011HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Anthony DeLuca
  3/14/2011HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/17/2011HouseDo Pass / Short Debate Executive Committee; 011-000-000
  3/17/2011HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
  3/17/2011HousePlaced on Calendar 2nd Reading - Short Debate
  4/11/2011HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Anthony DeLuca
  4/11/2011HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  4/12/2011HouseChief Sponsor Changed to Rep. Anthony DeLuca
  4/12/2011HouseHouse Floor Amendment No. 2 Rules Refers to Counties & Townships Committee
  4/12/2011HouseAdded Chief Co-Sponsor Rep. Thaddeus Jones
  4/12/2011HouseHouse Floor Amendment No. 2 Recommends Be Adopted Counties & Townships Committee; 005-000-000
  4/13/2011HouseSecond Reading - Short Debate
  4/13/2011HouseHeld on Calendar Order of Second Reading - Short Debate
  4/13/2011HouseHouse Floor Amendment No. 2 Adopted by Voice Vote
  4/13/2011HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/14/2011HouseThird Reading - Short Debate - Passed 091-023-001
  4/14/2011HouseAdded Chief Co-Sponsor Rep. Al Riley
  4/14/2011SenateArrive in Senate
  4/14/2011SenatePlaced on Calendar Order of First Reading April 15, 2011
  4/15/2011SenateChief Senate Sponsor Sen. Toi W. Hutchinson
  4/22/2011SenateFirst Reading
  4/22/2011SenateReferred to Assignments
  5/13/2011SenateRule 2-10 Committee Deadline Established As May 31, 2011
  10/12/2011SenateAssigned to Revenue
  10/24/2011SenateRule 2-10 Third Reading Deadline Established As November 10, 2011
  11/9/2011SenateDo Pass Revenue; 008-000-000
  11/9/2011SenatePlaced on Calendar Order of 2nd Reading November 9, 2011
  11/9/2011SenateSecond Reading
  11/9/2011SenatePlaced on Calendar Order of 3rd Reading November 10, 2011
  11/28/2011SenateRule 2-10 Third Reading Deadline Established As December 31, 2011
  1/14/2012SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  5/9/2012SenateApproved for Consideration Assignments
  5/9/2012SenatePlaced on Calendar Order of 3rd Reading May 10, 2012
  5/11/2012SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Toi W. Hutchinson
  5/11/2012SenateSenate Floor Amendment No. 1 Referred to Assignments
  5/11/2012SenateAdded as Alternate Co-Sponsor Sen. Michael W. Frerichs
  5/15/2012SenateAdded as Alternate Co-Sponsor Sen. Dan Kotowski
  5/15/2012SenateSenate Floor Amendment No. 1 Assignments Refers to Revenue
  5/15/2012SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Toi W. Hutchinson
  5/15/2012SenateSenate Floor Amendment No. 2 Referred to Assignments
  5/16/2012SenateSenate Floor Amendment No. 2 Assignments Refers to Revenue
  5/16/2012SenateSenate Floor Amendment No. 1 Recommend Do Adopt Revenue; 009-000-000
  5/16/2012SenateSenate Floor Amendment No. 2 Recommend Do Adopt Revenue; 009-000-000
  5/24/2012SenateRecalled to Second Reading
  5/24/2012SenateSenate Floor Amendment No. 1 Adopted; Hutchinson
  5/24/2012SenateSenate Floor Amendment No. 2 Adopted; Hutchinson
  5/24/2012SenatePlaced on Calendar Order of 3rd Reading
  5/24/2012SenateThird Reading - Passed; 048-009-000
  5/24/2012HouseArrived in House
  5/24/2012HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1, 2
  5/24/2012HouseChief Sponsor Changed to Rep. Fred Crespo
  5/24/2012HouseSenate Floor Amendment No. 1 Motion Filed Concur Rep. Fred Crespo
  5/24/2012HouseSenate Floor Amendment No. 2 Motion Filed Concur Rep. Fred Crespo
  5/24/2012HouseSenate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee
  5/24/2012HouseSenate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee
  5/25/2012HouseAdded Chief Co-Sponsor Rep. Naomi D. Jakobsson
  5/26/2012HouseAdded Chief Co-Sponsor Rep. Arthur Turner
  7/27/2012HouseRule 19(b) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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