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 Bill Status of SB0336  100th General Assembly


Short Description:  REHAB/REVITALIZ TAX CREDIT ACT

Senate Sponsors
Sen. Donne E. Trotter - David Koehler - Melinda Bush - Mike Jacobs - William Delgado, William R. Haine, Pamela J. Althoff, Toi W. Hutchinson, John G. Mulroe, Patricia Van Pelt, Wm. Sam McCann, Mattie Hunter, Kirk W. Dillard, Kimberly A. Lightford and Jacqueline Y. Collins

House Sponsors
(Rep. Arthur Turner - Daniel V. Beiser - Adam Brown - Greg Harris, Emanuel Chris Welch, Kathleen Willis, Natalie A. Manley, Lawrence M. Walsh, Jr., David Harris, Jack D. Franks, David McSweeney, Elgie R. Sims, Jr., Sam Yingling, Camille Y. Lilly, Al Riley, Marcus C. Evans, Jr., Robyn Gabel, Anna Moeller, Carol A. Sente, Dennis M. Reboletti, Martin J. Moylan, Michelle Mussman, Rita Mayfield, Frances Ann Hurley, André M. Thapedi, Stephanie A. Kifowit, Deborah Conroy, Michael J. Zalewski, Eddie Lee Jackson, Sr., Charles E. Jefferson and Esther Golar)

Last Action
DateChamber Action
  7/25/2014SenatePublic Act . . . . . . . . . 98-0789

Statutes Amended In Order of Appearance
35 ILCS 110/3afrom Ch. 120, par. 439.33a


Synopsis As Introduced
Amends the Service Use Tax Act. Makes a technical change concerning stating the tax as a distinct item.

Senate Committee Amendment No. 1
Deletes reference to:
35 ILCS 110/3a
Adds reference to:
New Act
35 ILCS 5/224 new
215 ILCS 5/409.1 new

Replaces everything after the enacting clause. Creates the Illinois Rehabilitation and Revitalization Tax Credit Act. Creates a credit against taxes imposed under the Illinois Income Tax Act and the Illinois Insurance Code in an aggregate amount equal to 20% of qualified expenditures incurred by a qualified taxpayer pursuant to a qualified rehabilitation plan on a qualified structure, provided that the total amount of such qualified expenditures exceeds the greater of $5,000 or the adjusted basis of the property. Provides that credits may be carried forward for a period of 5 years, or carried back for a period of one year. Provides that credits awarded for each qualified rehabilitation project shall be limited to a maximum of $3,000,000. Provides that credits may be assigned or transferred. Effective January 1, 2014.

Senate Floor Amendment No. 2
Sets an annual cap for the amount of credits approved by the Department under the Illinois Rehabilitation and Revitalization Tax Credit Act. Adds provisions concerning priority of applications for those credits. Provides that the applications must contain certain ownership and control information. Provides that fees under the Act shall be deposited into the Historic Property Administrative Fund. Makes other changes.

House Committee Amendment No. 1
Deletes reference to:
New Act
35 ILCS 5/224 new
215 ILCS 5/409.1 new
Adds reference to:
35 ILCS 5/101from Ch. 120, par. 1-101

Replaces everything after the enacting clause. Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.

House Floor Amendment No. 2
Deletes reference to:
35 ILCS 5/101from Ch. 120, par. 1-101
Adds reference to:
35 ILCS 200/15-174 new

Replaces everything after the enacting clause. Amends the Property Tax Code. Creates the Community Stabilization Assessment Freeze Pilot Program. Provides that any the chief county assessment officer in any county may reduce the assessed value of certain improvements to residential real property for 10 taxable years after the improvements are put in service if certain conditions are met. Provides that the reduction in the equalized assessed value of the improvements is calculated as follows: (1) an amount equal to 90% of the difference between the base year equalized assessed value of the improvements and the assessed value of the improvements in the current taxable year for the first 7 years after the improvements are placed in service; (2) an amount equal to 65% of the difference between the base year equalized assessed value of the improvements and the assessed value of the improvements in the current taxable year for the eighth taxable year after the improvements are placed in service; and (3) an amount equal to 35% of the difference between the base year equalized assessed value of the improvements and the assessed value of the improvements in the current taxable year for the ninth taxable year after the improvements are placed in service.

Actions 
DateChamber Action
  1/23/2013SenateFiled with Secretary by Sen. John J. Cullerton
  1/23/2013SenateFirst Reading
  1/23/2013SenateReferred to Assignments
  3/5/2013SenateChief Sponsor Changed to Sen. Andy Manar
  3/6/2013SenateAssigned to Revenue
  3/6/2013SenateAdded as Chief Co-Sponsor Sen. David Koehler
  3/12/2013SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Andy Manar
  3/12/2013SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/12/2013SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
  3/13/2013SenateAdded as Chief Co-Sponsor Sen. Melinda Bush
  3/13/2013SenateAdded as Co-Sponsor Sen. William R. Haine
  3/13/2013SenateAdded as Chief Co-Sponsor Sen. Mike Jacobs
  3/13/2013SenatePostponed - Revenue
  3/14/2013SenateAdded as Chief Co-Sponsor Sen. William Delgado
  3/19/2013SenateAdded as Co-Sponsor Sen. Pamela J. Althoff
  3/20/2013SenateSenate Committee Amendment No. 1 Adopted
  3/20/2013SenateDo Pass as Amended Revenue; 008-002-001
  3/20/2013SenatePlaced on Calendar Order of 2nd Reading March 21, 2013
  3/21/2013SenateAdded as Co-Sponsor Sen. Toi W. Hutchinson
  3/27/2013SenateAdded as Co-Sponsor Sen. John G. Mulroe
  4/8/2013SenateAdded as Co-Sponsor Sen. Patricia Van Pelt
  4/12/2013SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Andy Manar
  4/12/2013SenateSenate Floor Amendment No. 2 Referred to Assignments
  4/17/2013SenateSenate Floor Amendment No. 2 Assignments Refers to Revenue
  4/17/2013SenateSenate Floor Amendment No. 2 Recommend Do Adopt Revenue; 009-002-000
  4/23/2013SenateSecond Reading
  4/23/2013SenateSenate Floor Amendment No. 2 Adopted; Manar
  4/23/2013SenatePlaced on Calendar Order of 3rd Reading April 24, 2013
  4/24/2013SenateAdded as Co-Sponsor Sen. Wm. Sam McCann
  4/24/2013SenateAdded as Co-Sponsor Sen. Mattie Hunter
  4/24/2013SenateAdded as Co-Sponsor Sen. Kirk W. Dillard
  4/24/2013SenateAdded as Co-Sponsor Sen. Kimberly A. Lightford
  4/24/2013SenateThird Reading - Passed; 046-008-000
  4/25/2013HouseArrived in House
  4/25/2013HouseChief House Sponsor Rep. Frank J. Mautino
  4/29/2013HouseFirst Reading
  4/29/2013HouseReferred to Rules Committee
  5/1/2013HouseAdded Alternate Chief Co-Sponsor Rep. Daniel V. Beiser
  5/1/2013HouseAdded Alternate Chief Co-Sponsor Rep. Adam Brown
  5/1/2013HouseAdded Alternate Chief Co-Sponsor Rep. Greg Harris
  5/2/2013HouseAdded Alternate Chief Co-Sponsor Rep. Jim Sacia
  5/3/2013HouseAdded Alternate Co-Sponsor Rep. Emanuel Chris Welch
  5/7/2013HouseAdded Alternate Co-Sponsor Rep. Kathleen Willis
  5/28/2013HouseAdded Alternate Co-Sponsor Rep. Natalie A. Manley
  5/28/2013HouseAdded Alternate Co-Sponsor Rep. Lawrence M. Walsh, Jr.
  10/16/2013HouseFinal Action Deadline Extended-9(b) November 30, 2013
  10/16/2013HouseAssigned to Revenue & Finance Committee
  11/27/2013HouseFinal Action Deadline Extended-9(b) December 20, 2013
  12/20/2013HouseRule 19(a) / Re-referred to Rules Committee
  5/21/2014HouseAssigned to Revenue & Finance Committee
  5/21/2014HouseCommittee Deadline Extended-Rule 9(b) May 30, 2014
  5/23/2014HouseFinal Action Deadline Extended-9(b) May 30, 2014
  5/23/2014HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Barbara Flynn Currie
  5/23/2014HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  5/26/2014HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  5/27/2014HouseHouse Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
  5/27/2014HouseDo Pass as Amended / Short Debate Revenue & Finance Committee; 006-004-000
  5/27/2014HousePlaced on Calendar 2nd Reading - Short Debate
  5/27/2014HouseSecond Reading - Short Debate
  5/27/2014HouseHeld on Calendar Order of Second Reading - Short Debate
  5/30/2014HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Arthur Turner
  5/30/2014HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  5/30/2014HouseHouse Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 005-000-000
  5/30/2014HouseAlternate Chief Sponsor Changed to Rep. Arthur Turner
  5/30/2014HouseHouse Floor Amendment No. 2 Adopted
  5/30/2014HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/30/2014HouseThird Reading - Short Debate - Passed 107-001-001
  5/30/2014HouseAlternate Chief Co-Sponsor Removed Rep. Jim Sacia
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. David Harris
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Jack D. Franks
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. David McSweeney
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Elgie R. Sims, Jr.
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Sam Yingling
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Camille Y. Lilly
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Al Riley
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Marcus C. Evans, Jr.
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Robyn Gabel
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Anna Moeller
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Carol A. Sente
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Dennis M. Reboletti
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Martin J. Moylan
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Michelle Mussman
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Rita Mayfield
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Frances Ann Hurley
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. André M. Thapedi
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Stephanie A. Kifowit
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Deborah Conroy
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Michael J. Zalewski
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Eddie Lee Jackson, Sr.
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Charles E. Jefferson
  5/30/2014SenateChief Sponsor Changed to Sen. Donne E. Trotter
  5/30/2014HouseAdded Alternate Co-Sponsor Rep. Esther Golar
  5/30/2014SenateSecretary's Desk - Concurrence House Amendment(s) 1, 2
  5/30/2014SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 30, 2014
  5/30/2014SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Donne E. Trotter
  5/30/2014SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments
  5/30/2014SenateHouse Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Donne E. Trotter
  5/30/2014SenateHouse Floor Amendment No. 2 Motion to Concur Referred to Assignments
  5/30/2014SenateHouse Committee Amendment No. 1 Motion to Concur Be Approved for Consideration Assignments
  5/30/2014SenateHouse Floor Amendment No. 2 Motion to Concur Be Approved for Consideration Assignments
  5/30/2014SenateAdded as Co-Sponsor Sen. Jacqueline Y. Collins
  5/30/2014SenateHouse Committee Amendment No. 1 Senate Concurs 053-002-000
  5/30/2014SenateHouse Floor Amendment No. 2 Senate Concurs 053-002-000
  5/30/2014SenatePassed Both Houses
  6/6/2014SenateSent to the Governor
  7/25/2014SenateGovernor Approved
  7/25/2014SenateEffective Date January 1, 2015
  7/25/2014SenatePublic Act . . . . . . . . . 98-0789

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