Bill Status of SB 341   98th General Assembly


Short Description:  REVENUE-TECH

Senate Sponsors
Sen. Antonio Muņoz-Pat McGuire, Jennifer Bertino-Tarrant-Steve Stadelman-Michael E. Hastings-Wm. Sam McCann and John G. Mulroe

House Sponsors
(Rep. Lawrence M. Walsh, Jr.-Anthony DeLuca-C.D. Davidsmeyer and Al Riley)


Last Action  View All Actions

DateChamber Action
  1/13/2015SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/210.5

Synopsis As Introduced
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning tax credits for providing child care for employees.

Senate Floor Amendment No. 1
Deletes reference to:
35 ILCS 5/210.5
Adds reference to:
New Act
35 ILCS 5/224 new
215 ILCS 5/409.2 new

Replaces everything after the enacting clause. Creates the Illinois State Property Revitalization Tax Credit Act. Creates a credit against taxes imposed under the Illinois Income Tax Act and the Illinois Insurance Code in an amount equal to 30% of qualified expenditures incurred by a qualified taxpayer in the rehabilitation of certain property that had been owned by the State. Provides that credits must be approved by the Department of Commerce and Economic Opportunity. Provides that credits may be transferred and assigned. Contains provisions concerning application fees. Amends the Illinois Income Tax Act and the Illinois Insurance Code to make conforming changes. Effective immediately.

Actions 
DateChamber Action
  1/23/2013SenateFiled with Secretary by Sen. John J. Cullerton
  1/23/2013SenateFirst Reading
  1/23/2013SenateReferred to Assignments
  3/13/2013SenateAssigned to Executive
  3/20/2013SenateDo Pass Executive; 010-000-000
  3/20/2013SenatePlaced on Calendar Order of 2nd Reading March 21, 2013
  4/12/2013SenateSecond Reading
  4/12/2013SenatePlaced on Calendar Order of 3rd Reading April 16, 2013
  4/16/2013SenateRe-referred to Assignments
  10/31/2013SenateChief Sponsor Changed to Sen. Antonio Muņoz
  11/5/2013SenateApproved for Consideration Assignments
  11/5/2013SenatePlaced on Calendar Order of 3rd Reading November 6, 2013
  11/5/2013SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Antonio Muņoz
  11/5/2013SenateSenate Floor Amendment No. 1 Referred to Assignments
  11/5/2013SenateAdded as Chief Co-Sponsor Sen. Pat McGuire
  11/5/2013SenateRule 2-10 Third Reading Deadline Established As November 7, 2013
  11/5/2013SenateAdded as Co-Sponsor Sen. Jennifer Bertino-Tarrant
  11/6/2013SenateSenate Floor Amendment No. 1 Assignments Refers to Executive
  11/6/2013SenateSenate Floor Amendment No. 1 Recommend Do Adopt Executive; 013-000-000
  11/7/2013SenateAdded as Chief Co-Sponsor Sen. Steve Stadelman
  11/7/2013SenateAdded as Chief Co-Sponsor Sen. Michael E. Hastings
  11/7/2013SenateRecalled to Second Reading
  11/7/2013SenateSenate Floor Amendment No. 1 Adopted; Muņoz
  11/7/2013SenatePlaced on Calendar Order of 3rd Reading
  11/7/2013SenateAdded as Chief Co-Sponsor Sen. Wm. Sam McCann
  11/7/2013SenateAdded as Co-Sponsor Sen. John G. Mulroe
  11/7/2013Senate3/5 Vote Required
  11/7/2013SenateThird Reading - Passed; 056-000-000
  11/8/2013HouseArrived in House
  11/8/2013HouseChief House Sponsor Rep. Lawrence M. Walsh, Jr.
  11/12/2013HouseAdded Alternate Co-Sponsor Rep. Al Riley
  12/2/2013HouseFirst Reading
  12/2/2013HouseReferred to Rules Committee
  2/20/2014HouseAdded Alternate Chief Co-Sponsor Rep. Anthony DeLuca
  2/20/2014HouseAdded Alternate Chief Co-Sponsor Rep. C.D. Davidsmeyer
  3/19/2014HouseAssigned to Revenue & Finance Committee
  3/20/2014HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Lawrence M. Walsh, Jr.
  3/20/2014HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/21/2014HouseTo Income Tax Subcommittee
  3/24/2014HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  4/2/2014HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Lawrence M. Walsh, Jr.
  4/2/2014HouseHouse Committee Amendment No. 2 Referred to Rules Committee
  4/3/2014HouseHouse Committee Amendment No. 2 Rules Refers to Revenue & Finance Committee
  4/24/2014HouseTo Income Tax Subcommittee
  5/16/2014HouseHouse Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
  5/16/2014HouseHouse Committee Amendment No. 2 Rule 19(a) / Re-referred to Rules Committee
  5/16/2014HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2015SenateSession Sine Die

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