Bill Status of SB 676   99th General Assembly

Short Description:  INC TX-EARNED INCOME CREDIT

Senate Sponsors
Sen. Jacqueline Y. Collins-Toi W. Hutchinson-David Koehler, John G. Mulroe, Heather A. Steans, Dan Kotowski, Melinda Bush-Terry Link, Daniel Biss, Linda Holmes, Kimberly A. Lightford-Don Harmon, Michael Noland, Kwame Raoul, Bill Cunningham, Wm. Sam McCann, Ira I. Silverstein, Emil Jones, III and Pamela J. Althoff

Last Action  View All Actions

DateChamber Action
  1/10/2017SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/212

Synopsis As Introduced
Amends the Illinois Income Tax Act. Increases the earned income tax credit to (i) 12% of the federal tax credit for each taxable year beginning on or after January 1, 2015 and ending prior to December 31, 2016, (ii) 14% of the federal tax credit for each taxable year beginning on or after January 1, 2016 and ending prior to December 31, 2017, (iii) 16% of the federal tax credit for each taxable year beginning on or after January 1, 2017 and ending prior to December 31, 2018, (iv) 18% of the federal tax credit for each taxable year beginning on or after January 1, 2018 and ending prior to December 31, 2019, and (v) 20% of the federal tax credit for each taxable year beginning on or after January 1, 2019. Effective immediately.

Actions 
DateChamber Action
  2/3/2015SenateFiled with Secretary by Sen. Toi W. Hutchinson
  2/3/2015SenateFirst Reading
  2/3/2015SenateReferred to Assignments
  2/11/2015SenateAssigned to Revenue
  3/3/2015SenateAdded as Chief Co-Sponsor Sen. David Koehler
  3/3/2015SenateAdded as Co-Sponsor Sen. John G. Mulroe
  3/3/2015SenateAdded as Co-Sponsor Sen. Heather A. Steans
  3/3/2015SenateAdded as Co-Sponsor Sen. Dan Kotowski
  3/3/2015SenateAdded as Co-Sponsor Sen. Melinda Bush
  3/3/2015SenateAdded as Chief Co-Sponsor Sen. Terry Link
  3/3/2015SenateAdded as Co-Sponsor Sen. Daniel Biss
  3/4/2015SenateAdded as Co-Sponsor Sen. Linda Holmes
  3/4/2015SenateChief Sponsor Changed to Sen. Jacqueline Y. Collins
  3/4/2015SenateAdded as Chief Co-Sponsor Sen. Toi W. Hutchinson
  3/4/2015SenateAdded as Co-Sponsor Sen. Kimberly A. Lightford
  3/4/2015SenateAdded as Chief Co-Sponsor Sen. Don Harmon
  3/4/2015SenateAdded as Co-Sponsor Sen. Michael Noland
  3/5/2015SenateTo Subcommittee on Tax Credits
  3/5/2015SenateAdded as Co-Sponsor Sen. Kwame Raoul
  3/5/2015SenateAdded as Co-Sponsor Sen. Bill Cunningham
  3/6/2015SenateAdded as Co-Sponsor Sen. Wm. Sam McCann
  3/10/2015SenateAdded as Co-Sponsor Sen. Ira I. Silverstein
  3/18/2015SenateAdded as Co-Sponsor Sen. Emil Jones, III
  3/24/2015SenateAdded as Co-Sponsor Sen. Pamela J. Althoff
  3/27/2015SenateRule 2-10 Committee Deadline Established As April 24, 2015
  4/24/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015
  5/15/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015
  10/10/2015SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  1/10/2017SenateSession Sine Die

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