LEITCH. (PETERSON-LAUZEN) 35 ILCS 5/201 from Ch. 120, par. 2-201 Amends the Illinois Income Tax Act. Allows a partnership to elect to pass through to its partners the investment credit allowed against the Personal Property Tax Replacement Income Tax. Provides that the election shall be made each taxable year on the Personal Property Tax Replacement Income Tax return. Provides that the credit shall be allocated among the partners in accordance with the Internal Revenue Code. Provides that the election to pass through the credits shall be irrevocable. SENATE AMENDMENT NO. 1. Adds reference to: 35 ILCS 735/3-7 Amends the Uniform Penalty and Interest Act. Provides that any person filing an action under the Administrative Review law to review a final assessment or revised final assessment (except those relating to any trust tax) issued by the Department of Revenue shall file a bond with good and sufficient surety or obtain an order from the court imposing a lien upon the plaintiff's property within 20 days of filing the complaint. Requires the Department to file a motion to dismiss if the plaintiff fails to comply with the bonding requirement and the court shall dismiss the action unless the plaintiff complies within 30 days after the Department filed the motion to dismiss. Gives the bill an immediate effective date. SENATE AMENDMENT NO. 2. (Senate recedes May 23, 1997) Adds reference to: 35 ILCS 105/3-8 new 35 ILCS 110/3-8 new 35 ILCS 115/3-8 new 35 ILCS 120/2-8 new Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act to exempt from the taxes imposed under those Acts the gross proceeds from sales of and the use of industrial gases that (1) become ingredients or components of tangible personal property destined for sale or (2) are consumed, destroyed, or lose their identity in the manufacture of tangible personal property destined for sale. Provides that the exemption does not apply to fuel and electricity or to industrial gases that are consumed in a nonmanufacturing activity. Provides that the exemptions apply to tax years ending on or after December 31, 1997. Sunsets the exemption after 5 years. 97-02-05 H FILED WITH CLERK 97-02-05 H FIRST READING 97-02-05 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-02-10 H ASSIGNED TO COMMITTEE REVENUE 97-03-13 H DO PASS/SHORT DEBATE 011-000-000 HREV 97-03-13 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-03-18 H SECOND READING-SHORT DEBATE 97-03-18 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-04-08 H THIRD READING/SHORT DEBATE/PASSED 114-000-001 97-04-09 S ARRIVE IN SENATE 97-04-09 S PLACED CALENDAR ORDER OF FIRST READING 97-04-10 97-04-23 S CHIEF SPONSOR PETERSON 97-04-23 S FIRST READING 97-04-23 S REFERRED TO SENATE RULES COMMITTEE RULES 97-04-25 S ADDED AS A CHIEF CO-SPONSOR LAUZEN 97-04-29 S ASSIGNED TO COMMITTEE REVENUE 97-05-08 S AMENDMENT NO. 01-REVENUE S 97-05-08 S ADOPTED 97-05-08 S DO PASS AS AMENDED 010-000-000 SREV 97-05-08 S PLACED ON CALENDAR ORDER OF 2ND READING 97-05-09 97-05-09 S SECOND READING 97-05-09 S PLACED ON CALENDAR ORDER OF 3RD READING 97-05-12 97-05-12 S FILED WITH SECRETARY 97-05-12 S AMENDMENT NO. 02-PHILIP 97-05-12 S AMENDMENT REFERRED TO SRUL 97-05-13 S AMENDMENT NO. 02-PHILIP 97-05-13 S RULES REFERS TO SREV 97-05-15 S AMENDMENT NO. 02-PHILIP 97-05-15 S BE APPROVED FOR CONSIDERATION SREV/006-000-000 97-05-15 S RECALLED TO SECOND READING 97-05-15 S AMENDMENT NO. 02-PHILIP 97-05-15 S ADOPTED 97-05-15 S PLACED ON CALENDAR ORDER OF 3RD READING 97-05-16 97-05-16 S THIRD READING - PASSED 055-001-001 97-05-16 H ARRIVE IN HOUSE 97-05-16 H PLACED ON CALENDAR ORDER OF CONCURRENCE 01,02 97-05-19 H MOTION FILED CONCUR 01,02/LEITCH 97-05-19 H REFERRED TO RULES COMMITTEE/RULE 75(A) 01,02 97-05-19 H PLACED ON CALENDAR ORDER OF CONCURRENCE 01,02 97-05-20 H MOTION REFERRED TO 01,02/HREV 97-05-20 H PLACED ON CALENDAR ORDER OF CONCURRENCE 01,02 97-05-21 H BE APPROVED FOR CONSIDERATION 01/010-000-000 97-05-21 H BE APPROVED FOR CONSIDERATION LOST/02 97-05-21 H 002-002-005 97-05-21 H MOTION FILED NON-CONCUR 02/LEITCH 97-05-21 H HSE CONCURS IN SEN AMENDMENTS (NO.) 01/117-000-000 97-05-21 H HSE NON-CONCURS IN SEN AMENDMENTS (NO.) 02 97-05-21 S SECRETARYS DESK - NON-CONCURRENCE 02 97-05-22 S FILED WITH SECRETARY 97-05-22 S MOTION TO RECEDE - SENATE AMENDMENT NO 02/PETERSON 97-05-22 S MOTION REFERRED TO SRUL 97-05-22 S MOTION TO RECEDE - SENATE AMENDMENT NO 02/PETERSON 97-05-22 S RULES REFERS TO SREV 97-05-23 S MOTION TO RECEDE - SENATE AMENDMENT NO 02/PETERSON 97-05-23 S BE ADOPTED SREV/008-000-000 97-05-23 S MOTION TO RECEDE - SENATE AMENDMENT NO 02/PETERSON 97-05-23 S SEN RECEDES FROM AMENDMENT (NO.) 02/056-000-000 97-05-23 H PASSED BOTH HOUSES 97-06-20 H SENT TO THE GOVERNOR 97-08-17 H GOVERNOR APPROVED 97-08-17 H EFFECTIVE DATE 97-08-17 97-08-17 H PUBLIC ACT.............................. 90-0458 END OF INQUIRY Full Text Bill Summary