Bill Status of HB 5342   97th General Assembly

Short Description:  CORP TAX EXPEND-PUBLISH NAMES

House Sponsors
Rep. Kelly Burke-William Cunningham-Maria Antonia Berrios-Elaine Nekritz-William Davis, Michael W. Tryon, Ann Williams, Jack D. Franks, Cynthia Soto, Elizabeth Hernandez, Dena M. Carli, John D'Amico, Edward J. Acevedo, Karen A. Yarbrough, Robyn Gabel, Keith Farnham, Carol A. Sente, Linda Chapa LaVia and Fred Crespo

Senate Sponsors
(Sen. John J. Cullerton)


Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 715/25

Synopsis As Introduced
Amends the Corporate Accountability for Tax Expenditures Act. Provides that the Department of Commerce and Economic Opportunity shall post on its website (i) the identity of each recipient from whom amounts were recaptured, (ii) the amount recaptured, and (iii) the identity of each recipient receiving a waiver of the recapture provisions.

House Committee Amendment No. 1
Provides that the Department shall post (instead of publish) certain information on its website. Removes a provision from the introduced bill requiring that the Department post the identity of recipients who received a waiver. Provides that the disclosure requirements apply only to amounts recaptured on or after the effective date of the amendatory Act.

House Floor Amendment No. 2
Requires the Department of Commerce and Economic Opportunity to post on its website (i) the identity of each recipient from whom amounts were recaptured under this Section on or after the effective date of this amendatory Act of the 97th General Assembly, (ii) the date of the recapture, (iii) a summary of the reasons supporting the recapture, and (iv) the amount recaptured (in the introduced bill, the Department is required to publish the identity of each recipient from whom amounts were recaptured, the amount recaptured, and the identity of each recipient receiving a waiver).

Senate Floor Amendment No. 1
Deletes reference to:
20 ILCS 715/25
Adds reference to:
35 ILCS 5/223 new
35 ILCS 5/901from Ch. 120, par. 9-901
35 ILCS 5/1501from Ch. 120, par. 15-1501

Replaces everything after the enacting clause. Amends the Illinois Income Tax Act. In provisions concerning unitary business groups, provides that, for taxable years ending on or after December 31, 2012, the term "United States" includes any area over which the United States has asserted jurisdiction or claimed exclusive rights with respect to the exploration for or exploitation of natural resources. Provides that 100% of the proceeds collected as a result of the changes made to this Act by this amendatory Act of the 97th General Assembly shall be deposited into the Education Assistance Fund. Creates a credit in an amount equal to 2.5% of the qualified education expenses paid by a qualifying taxpayer to an eligible educational institution during the taxable year for a qualified student, but not to exceed $250 per qualifying individual taxpayer who files as married filing jointly, or $125 per taxpayer who files as an individual, married filing separately, widow, or head of household, in any taxable year. Provides that the term "eligible educational institution" means any public or private university, community college, vocational school, or other postsecondary educational institution that is physically located in the State and is eligible to participate in a student loan program administered by the United States Department of Education. Provides that the term "qualified education expenses" means tuition and fees required for enrollment or attendance at an eligible educational institution, as well as expenses for course-related books, supplies, and equipment if those expenses are incurred as part of the student's course of study. Effective immediately.

Senate Floor Amendment No. 2
Removes a provision from the bill as amended by Senate Amendment 1 that provides that the proceeds collected as a result of certain changes made to the Illinois Income Tax Act shall be deposited into the Education Assistance Fund. Provides for the annual transfer of $100,000,000 from the General Revenue Fund to the Education Assistance Fund. Makes a technical correction.

Actions 
DateChamber Action
  2/8/2012HouseFiled with the Clerk by Rep. Kelly Burke
  2/8/2012HouseFirst Reading
  2/8/2012HouseReferred to Rules Committee
  2/17/2012HouseAssigned to Revenue & Finance Committee
  2/22/2012HouseAdded Chief Co-Sponsor Rep. William Cunningham
  2/22/2012HouseAdded Chief Co-Sponsor Rep. Maria Antonia Berrios
  2/22/2012HouseAdded Chief Co-Sponsor Rep. Elaine Nekritz
  2/22/2012HouseAdded Chief Co-Sponsor Rep. William Davis
  2/23/2012HouseAdded Co-Sponsor Rep. Michael W. Tryon
  2/27/2012HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Kelly Burke
  2/27/2012HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  2/28/2012HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  3/8/2012HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-000-000
  3/8/2012HouseRemains in Revenue & Finance Committee
  3/8/2012HouseHouse Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
  3/8/2012HouseDo Pass as Amended / Short Debate Revenue & Finance Committee; 009-000-000
  3/9/2012HousePlaced on Calendar 2nd Reading - Short Debate
  3/21/2012HouseSecond Reading - Short Debate
  3/21/2012HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/21/2012HouseRecalled to Second Reading - Short Debate
  3/21/2012HouseHeld on Calendar Order of Second Reading - Short Debate
  3/22/2012HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Kelly Burke
  3/22/2012HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  3/22/2012HouseAdded Co-Sponsor Rep. Ann Williams
  3/22/2012HouseAdded Co-Sponsor Rep. Karen May
  3/22/2012HouseAdded Co-Sponsor Rep. Sandy Cole
  3/22/2012HouseAdded Co-Sponsor Rep. Jack D. Franks
  3/22/2012HouseRemoved Co-Sponsor Rep. Sandy Cole
  3/22/2012HouseRemoved Co-Sponsor Rep. Karen May
  3/26/2012HouseHouse Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 003-000-000
  3/26/2012HouseSecond Reading - Short Debate
  3/26/2012HouseHouse Floor Amendment No. 2 Adopted by Voice Vote
  3/26/2012HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/27/2012HouseThird Reading - Short Debate - Passed 103-010-001
  3/27/2012HouseAdded Co-Sponsor Rep. Cynthia Soto
  3/27/2012HouseAdded Co-Sponsor Rep. Elizabeth Hernandez
  3/27/2012HouseAdded Co-Sponsor Rep. Dena M. Carli
  3/27/2012HouseAdded Co-Sponsor Rep. John D'Amico
  3/27/2012HouseAdded Co-Sponsor Rep. Edward J. Acevedo
  3/27/2012HouseAdded Co-Sponsor Rep. Karen A. Yarbrough
  3/27/2012HouseAdded Co-Sponsor Rep. Robyn Gabel
  3/27/2012HouseAdded Co-Sponsor Rep. Patricia R. Bellock
  3/27/2012HouseAdded Co-Sponsor Rep. Keith Farnham
  3/27/2012HouseAdded Co-Sponsor Rep. Carol A. Sente
  3/27/2012HouseAdded Co-Sponsor Rep. Linda Chapa LaVia
  3/27/2012HouseAdded Co-Sponsor Rep. Fred Crespo
  3/27/2012SenateArrive in Senate
  3/27/2012SenatePlaced on Calendar Order of First Reading March 28, 2012
  3/27/2012SenateChief Senate Sponsor Sen. Dan Kotowski
  3/27/2012HouseRemoved Co-Sponsor Rep. Patricia R. Bellock
  3/28/2012SenateFirst Reading
  3/28/2012SenateReferred to Assignments
  4/11/2012SenateAssigned to Revenue
  4/18/2012SenateDo Pass Revenue; 008-000-000
  4/18/2012SenatePlaced on Calendar Order of 2nd Reading April 19, 2012
  5/10/2012SenateSecond Reading
  5/10/2012SenatePlaced on Calendar Order of 3rd Reading May 15, 2012
  5/15/2012SenateAlternate Chief Sponsor Changed to Sen. John J. Cullerton
  5/25/2012SenateRule 2-10 Third Reading Deadline Established As May 31, 2012
  5/30/2012SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton
  5/30/2012SenateSenate Floor Amendment No. 1 Referred to Assignments
  5/30/2012SenateSenate Floor Amendment No. 1 Assignments Refers to Executive
  5/30/2012SenateSenate Floor Amendment No. 1 Recommend Do Adopt Executive; 009-005-000
  5/31/2012SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. John J. Cullerton
  5/31/2012SenateSenate Floor Amendment No. 2 Referred to Assignments
  5/31/2012SenateSenate Floor Amendment No. 2 Be Approved for Consideration Assignments
  5/31/2012SenateRecalled to Second Reading
  5/31/2012SenateSenate Floor Amendment No. 1 Adopted; Cullerton
  5/31/2012SenateSenate Floor Amendment No. 2 Adopted; Cullerton
  5/31/2012SenatePlaced on Calendar Order of 3rd Reading
  5/31/2012SenateThird Reading - Passed; 031-025-001
  5/31/2012HouseArrived in House
  5/31/2012HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1, 2
  7/27/2012HouseRule 19(b) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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