Illinois General Assembly - Bill Status for SB2207

Illinois General Assembly - Bill Status for SB2207

Home

Legislation & Laws

Senate

House

Site Map

Previous General Assemblies

Bill Status of SB2207 93rd General Assembly

Full Text Votes Witness Slips View All Actions Printer-Friendly Version

Short Description: BUDGET IMPLEMENTATION-FY2005

Senate Sponsors
Sen. Terry Link - Mattie Hunter - Jeffrey M. Schoenberg

House Sponsors
(Rep. Tom Cross - Michael J. Madigan - Barbara Flynn Currie - Mark H. Beaubien, Jr. - Gary Hannig)

Last Action

Date	Chamber	Action
7/30/2004	Senate	Public Act . . . . . . . . . 93-0840

Statutes Amended In Order of Appearance

New Act

Synopsis As Introduced
Creates the FY2005 Budget Implementation Act. Provides that the purpose of the Act is to make the changes in State programs that are necessary to implement the Governor's FY2005 budget recommendations.

House Committee Amendment No. 1

	Deletes reference to:
	New Act

	Adds reference to:
	35 ILCS 5/203	from Ch. 120, par. 2-203

from Ch. 120, par. 2-205

from Ch. 120, par. 3-305

from Ch. 120, par. 15-1501

Deletes everything. Amends the Illinois Income Tax Act. Recaptures as business income all expenses, without limitation, deducted in prior years related to an asset or business that in prior years was classified as business income and in a later year is now demonstrated to be non-business income. Defines "business income" to mean all income that may be treated as apportionable business income under the U.S. Constitution. Provides that business income is net of the deductions allocable thereto. Defines "investment partnership". Provides that, except for in certain circumstances, income received by a nonresident partner of an investment partnership will be treated as nonbusiness income if the income is received from an investment partnership. Makes other changes.

	Pension Note (Economic and Fiscal Commission)
	Senate Bill 2207, as amended by House Amendment 1, would not impact any public pension fund or retirement system in Illinois.

	Judicial Note (Admin Office of the Illinois Courts)
	Senate Bill 2207, as amended by House Amendment 1, would neither increase nor decrease the number of judges needed in the State.

	State Debt Impact Note (Economic and Fiscal Commission)
	As amended by HA1, would not affect the level of State indebtedness.

	Housing Affordability Impact Note (Housing Development Authority)
	Senate Bill 2207, as amended by House Amendment 1, will have no effect on constructing, purchasing, owning, or selling a single-family residence.

	Fiscal Note (Department of Revenue)
	As amended by HA1, amends the definition of "business income" in the Income Tax Act. Defines business income to mean all income apportionable under the United States Constitution. Will increase revenue by an estimated $29 million.

	Balanced Budget Note (Office of Management and Budget)
	Senate Bill 2207, as amended by House Amendment 1, will have a fiscal impact of approximately $29 million in additional revenues for the State as provided for in the Governor's Recommended Balanced Budget.

	Correctional Note (Dept of Corrections)
	Senate Bill 2207, as amended by House Amendment 1, will have no corrections population or fiscal impact on the Department.

	Home Rule Note (Department of Commerce and Economic Opportunity)
	Senate Bill 2207, as amended by House Amendment 1, does not pre-empt home rule authority.

	State Mandates Fiscal Note (Department of Commerce and Economic Opportunity)
	Senate Bill 2207, as amended by House Amendment 1, does not create a State mandate under the State Mandates Act.

House Floor Amendment No. 2

	Deletes reference to:
	35 ILCS 5/1501

	Adds reference to:
	New Act

820 ILCS 305/4d

from Ch. 124, par. 22

from Ch. 124, par. 32

20 ILCS 1605/10.2

from Ch. 120, par. 1160.2

from Ch. 120, par. 440c

625 ILCS 45/3A-5

from Ch. 95 1/2, par. 313A-5

35 ILCS 105/3-5

from Ch. 120, par. 439.3-5

35 ILCS 105/3-85

35 ILCS 110/3-5

from Ch. 120, par. 439.33-5

35 ILCS 110/3-70

35 ILCS 115/3-5

from Ch. 120, par. 439.103-5

from Ch. 120, par. 439.109

35 ILCS 120/2-5

from Ch. 120, par. 441-5

from Ch. 120, par. 442

from Ch. 120, par. 2-203

from Ch. 120, par. 2-205

from Ch. 120, par. 3-305

from Ch. 120, par. 15-1501

625 ILCS 5/2-119

from Ch. 95 1/2, par. 2-119

625 ILCS 5/3-820

from Ch. 95 1/2, par. 3-820

625 ILCS 5/3-821

from Ch. 95 1/2, par. 3-821

625 ILCS 5/3-821.2 new

625 ILCS 5/11-501

from Ch. 95 1/2, par. 11-501

from Ch. 120, par. 5-501

from Ch. 120, par. 9-905

from Ch. 120, par. 10-1001

from Ch. 120, par. 10-1002

from Ch. 120, par. 10-1005

35 ILCS 5/1007 new

35 ILCS 5/1008 new

35 ILCS 5/1405.5 new

35 ILCS 5/1405.6 new

from Ch. 120, par. 2-201

415 ILCS 5/12.5

Creates the FY2005 Budget Implementation (Revenue) Act. Amends various Acts to make changes in State programs that are necessary to implement the Governor's FY2005 budget recommendations concerning revenue. Effective immediately.

Actions

Date	Chamber	Action
1/15/2004	Senate	Filed with Secretary by Sen. Emil Jones, Jr.
1/15/2004	Senate	First Reading
1/15/2004	Senate	Referred to Rules
1/29/2004	Senate	Assigned to State Government
2/19/2004	Senate	Do Pass State Government; 005-002-000
2/19/2004	Senate	Placed on Calendar Order of 2nd Reading February 20, 2004
2/24/2004	Senate	Second Reading
2/24/2004	Senate	Placed on Calendar Order of 3rd Reading February 25, 2004
3/25/2004	Senate	Added as Chief Co-Sponsor Sen. Mattie Hunter
3/25/2004	Senate	Third Reading - Passed; 053-003-000
3/25/2004	House	Arrived in House
3/25/2004	House	Placed on Calendar Order of First Reading
3/29/2004	House	Chief House Sponsor Rep. Michael J. Madigan
3/29/2004	House	First Reading
3/29/2004	House	Referred to Rules Committee
3/30/2004	House	Assigned to Executive Committee
4/29/2004	House	Do Pass / Standard Debate Executive Committee; 007-005-000
4/29/2004	House	Placed on Calendar 2nd Reading - Standard Debate
5/4/2004	House	Re-committed to Rules Committee
5/4/2004	House	Assigned to Revenue Committee
5/13/2004	House	House Committee Amendment No. 1 Filed with Clerk by Revenue Committee
5/13/2004	House	House Committee Amendment No. 1 Adopted in Revenue Committee; by Voice Vote
5/13/2004	House	Do Pass as Amended / Standard Debate Revenue Committee; 005-004-000
5/13/2004	House	Placed on Calendar 2nd Reading - Standard Debate
5/14/2004	House	Committee/3rd Reading Deadline Extended-Rule 9(b) May 31, 2004
5/18/2004	House	Added Alternate Chief Co-Sponsor Rep. Barbara Flynn Currie
5/18/2004	House	Added Alternate Chief Co-Sponsor Rep. Gary Hannig
5/20/2004	House	Second Reading - Standard Debate
5/20/2004	House	Placed on Calendar Order of 3rd Reading - Standard Debate
5/21/2004	House	Pension Note Filed As Amended by HA 1
5/24/2004	House	Judicial Note Filed As Amended by HA 1
5/24/2004	House	State Debt Impact Note Filed As Amended by HA 1
5/24/2004	House	Housing Affordability Impact Note Filed As Amended by HA 1
5/26/2004	House	Fiscal Note Filed As Amended by HA 1
5/28/2004	House	Balanced Budget Note Filed As Amended by HA 1
5/30/2004	House	Correctional Note Filed As Amended by HA 1
5/31/2004	House	Final Action Deadline Extended-9(b) June 30, 2004
6/3/2004	House	Home Rule Note Filed As Amended by HA 1
6/3/2004	House	State Mandates Fiscal Note Filed As Amended by HA 1
6/30/2004	House	Final Action Deadline Extended-9(b) July 15, 2004
7/15/2004	House	Final Action Deadline Extended-9(b) JULY 31, 2004
7/23/2004	House	Recalled to Second Reading - Standard Debate
7/23/2004	House	Held on Calendar Order of Second Reading - Standard Debate
7/24/2004	House	Alternate Chief Sponsor Changed to Rep. Tom Cross
7/24/2004	House	Added Alternate Chief Co-Sponsor Rep. Michael J. Madigan
7/24/2004	House	Added Alternate Chief Co-Sponsor Rep. Mark H. Beaubien, Jr.
7/24/2004	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Tom Cross
7/24/2004	House	House Floor Amendment No. 2 Referred to Rules Committee
7/24/2004	House	House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 005-000-000
7/24/2004	House	House Floor Amendment No. 2 Motion to Suspend Rule 25 - Prevailed by Voice Vote
7/24/2004	Senate	Chief Sponsor Changed to Sen. Terry Link
7/24/2004	House	House Floor Amendment No. 2 Adopted by Voice Vote
7/24/2004	House	Placed on Calendar Order of 3rd Reading - Standard Debate
7/24/2004	House	3/5 Vote Required
7/24/2004	House	Third Reading - Standard Debate - Passed 086-029-000
7/24/2004	Senate	Secretary's Desk - Concurrence House Amendment(s) 01,02
7/24/2004	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 01,02-July 24, 2004
7/24/2004	Senate	House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Terry Link
7/24/2004	Senate	House Committee Amendment No. 1 Motion to Concur Referred to Rules
7/24/2004	Senate	House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Terry Link
7/24/2004	Senate	House Floor Amendment No. 2 Motion to Concur Referred to Rules
7/24/2004	Senate	Added as Chief Co-Sponsor Sen. Jeffrey M. Schoenberg
7/24/2004	Senate	House Committee Amendment No. 1 Motion to Concur Be Approved for Consideration Rules
7/24/2004	Senate	House Floor Amendment No. 2 Motion to Concur Be Approved for Consideration Rules
7/24/2004	Senate	3/5 Vote Required
7/24/2004	Senate	House Committee Amendment No. 1 Senate Concurs 055-000-001
7/24/2004	Senate	House Floor Amendment No. 2 Senate Concurs 055-000-001
7/24/2004	Senate	Passed Both Houses
7/30/2004	Senate	Sent to the Governor
7/30/2004	Senate	Governor Approved
7/30/2004	Senate	Effective Date July 30, 2004
7/30/2004	Senate	Public Act . . . . . . . . . 93-0840