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 Bill Status of SB2865  100th General Assembly


Short Description:  INC TX-EARNED INCOME CREDIT

Senate Sponsors
Sen. Jacqueline Y. Collins - Toi W. Hutchinson - Iris Y. Martinez - Mattie Hunter - Dan Kotowski, Heather A. Steans, Michael W. Frerichs, Don Harmon, Kwame Raoul, Mike Jacobs, James F. Clayborne, Jr., David Koehler, Melinda Bush, Kimberly A. Lightford, Ira I. Silverstein, Daniel Biss, Pat McGuire, Martin A. Sandoval, Linda Holmes, Michael Noland, William Delgado and Patricia Van Pelt

Last Action
DateChamber Action
  1/13/2015SenateSession 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, 2014 and ending prior to December 31, 2015, (ii) 14% of the federal tax credit for each taxable year beginning on or after January 1, 2015 and ending prior to December 31, 2016, (iii) 16% of the federal tax credit for each taxable year beginning on or after January 1, 2016 and ending prior to December 31, 2017, (iv) 18% of the federal tax credit for each taxable year beginning on or after January 1, 2017 and ending prior to December 31, 2018, and (v) 20% of the federal tax credit for each taxable year beginning on or after January 1, 2018. Effective immediately.

Actions 
DateChamber Action
  2/4/2014SenateFiled with Secretary by Sen. Jacqueline Y. Collins
  2/4/2014SenateFirst Reading
  2/4/2014SenateReferred to Assignments
  2/5/2014SenateAdded as Chief Co-Sponsor Sen. Toi W. Hutchinson
  2/11/2014SenateAssigned to Revenue
  2/25/2014SenateAdded as Chief Co-Sponsor Sen. Iris Y. Martinez
  2/27/2014SenatePostponed - Revenue
  3/6/2014SenatePostponed - Revenue
  3/21/2014SenatePostponed - Revenue
  3/27/2014SenatePostponed - Revenue
  3/28/2014SenateRule 2-10 Committee Deadline Established As April 11, 2014
  4/11/2014SenateRule 3-9(a) / Re-referred to Assignments
  5/13/2014SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter
  5/13/2014SenateAdded as Co-Sponsor Sen. Heather A. Steans
  5/13/2014SenateAdded as Chief Co-Sponsor Sen. Dan Kotowski
  5/14/2014SenateAdded as Co-Sponsor Sen. Michael W. Frerichs
  5/14/2014SenateAdded as Co-Sponsor Sen. Don Harmon
  5/14/2014SenateAdded as Co-Sponsor Sen. Kwame Raoul
  5/14/2014SenateAdded as Co-Sponsor Sen. Mike Jacobs
  5/14/2014SenateAdded as Co-Sponsor Sen. James F. Clayborne, Jr.
  5/14/2014SenateAdded as Co-Sponsor Sen. David Koehler
  5/14/2014SenateAdded as Co-Sponsor Sen. Melinda Bush
  5/14/2014SenateAdded as Co-Sponsor Sen. Kimberly A. Lightford
  5/14/2014SenateAdded as Co-Sponsor Sen. Ira I. Silverstein
  5/14/2014SenateAdded as Co-Sponsor Sen. Daniel Biss
  5/15/2014SenateAdded as Co-Sponsor Sen. Pat McGuire
  5/15/2014SenateAdded as Co-Sponsor Sen. Martin A. Sandoval
  5/15/2014SenateAdded as Co-Sponsor Sen. Linda Holmes
  5/16/2014SenateAdded as Co-Sponsor Sen. Michael Noland
  5/16/2014SenateAdded as Co-Sponsor Sen. William Delgado
  5/22/2014SenateAdded as Co-Sponsor Sen. Patricia Van Pelt
  1/13/2015SenateSession Sine Die

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