Illinois General Assembly

Previous General Assemblies

 Bill Status of SB0012  95th General Assembly


Short Description:  INC TAX-CREDITS

Senate Sponsors
Sen. Jacqueline Y. Collins - Gary Forby - James F. Clayborne, Jr. - Linda Holmes - Mattie Hunter, Don Harmon, Kwame Raoul, Kimberly A. Lightford, Donne E. Trotter, Carol Ronen, Carole Pankau, Ira I. Silverstein, John J. Millner, Martin A. Sandoval, Michael W. Frerichs, Iris Y. Martinez, John O. Jones, Bill Brady, Matt Murphy, Pamela J. Althoff, Chris Lauzen, M. Maggie Crotty, Dan Kotowski, David Koehler, Dale E. Risinger, James T. Meeks, John M. Sullivan, Jeffrey M. Schoenberg, Michael Noland and Heather Steans

House Sponsors
(Rep. Barbara Flynn Currie - Patricia Reid Lindner - William B. Black - William Davis - Susana A Mendoza, Lou Lang, Arthur L. Turner, LaShawn K. Ford, Constance A. Howard, Elizabeth Hernandez, Tom Cross, Linda Chapa LaVia, Bob Biggins, Suzanne Bassi, Deborah L. Graham, Harry Osterman, Careen M Gordon, Annazette Collins, Cynthia Soto, Jack McGuire, Joseph M. Lyons, Jack D. Franks, David Reis, Richard T. Bradley, Thomas Holbrook, John A. Fritchey, Dave Winters, Dan Reitz, Michael K. Smith, Naomi D. Jakobsson, Robert S. Molaro, Bill Mitchell, Kathleen A. Ryg, Mary E. Flowers, David E. Miller, Greg Harris, Elga L. Jefferies, Luis Arroyo, Maria Antonia Berrios, Ron Stephens, Jim Watson, Elaine Nekritz, Wyvetter H. Younge, JoAnn D. Osmond, Carolyn H. Krause, Michael P. McAuliffe, Angelo Saviano, Daniel V. Beiser, Brandon W. Phelps, Charles E. Jefferson, John D'Amico, Lisa M. Dugan, Donald L. Moffitt, Mike Boland, Aaron Schock, Robert Rita, Patrick J Verschoore, Elizabeth Coulson, Robert W. Pritchard, Ruth Munson, Julie Hamos, Daniel J. Burke, Michael Tryon, Karen A. Yarbrough, Jerry L. Mitchell, Mike Bost, Rich Brauer, Sandra M. Pihos, Paul D. Froehlich, Sara Feigenholtz, Monique D. Davis, Al Riley, Karen May, Robert F. Flider, Marlow H. Colvin, Patricia R. Bellock, Esther Golar, Shane Cultra, Jil Tracy, Kevin A. McCarthy, George Scully, Jr., James D. Brosnahan, Jim Durkin, Kurt M. Granberg, Edward J. Acevedo, Kenneth Dunkin, David R. Leitch, Sidney H. Mathias, Fred Crespo, Sandy Cole, Jim Sacia, Franco Coladipietro, Mike Fortner, Dennis M. Reboletti, Richard P. Myers, Timothy L. Schmitz, Ronald A. Wait, Milton Patterson and Eddie Washington)

Last Action
DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/212


Synopsis As Introduced
Amends the Illinois Income Tax Act. Increases the amount of the earned income tax credit from 5% of the federal credit to: (i) 7.5% of the federal tax credit for taxable years ending in calendar year 2007; and (ii) 10% of the federal tax credit for taxable years ending in calendar year 2008 or thereafter. Effective immediately.

 Fiscal Note (Dept. of Revenue)
 In tax year 2005, the Earned Income Tax Credit reduced Illinois Income Tax Revenues by $60.5 million and required the expenditure of an additional $16.5 million in TANF moneys. If the rate had been equal to 7.5% of the federal credit, it would have reduced Illinois Income Tax revenues by $80 million and would have required the expenditure of $35 million in TANF moneys. If the rate had been equal to 10% of the federal credit, it would have reduced Illinois Income Tax revenues by $96 million and would have required the expenditure of $58 million in TANF moneys.

Actions 
DateChamber Action
  1/31/2007SenateFiled with Secretary by Sen. Emil Jones, Jr.
  1/31/2007SenateFirst Reading
  1/31/2007SenateReferred to Rules
  2/6/2007SenateAdded as Co-Sponsor Sen. Jacqueline Y. Collins
  2/6/2007SenateSponsor Removed Sen. Jacqueline Y. Collins
  2/7/2007SenateAssigned to Revenue
  2/7/2007SenateAdded as Co-Sponsor Sen. Carole Pankau
  2/7/2007SenateAdded as Co-Sponsor Sen. Ira I. Silverstein
  2/13/2007SenateChief Sponsor Changed to Sen. Jacqueline Y. Collins
  2/13/2007SenateAdded as Chief Co-Sponsor Sen. Gary Forby
  2/13/2007SenateAdded as Chief Co-Sponsor Sen. James F. Clayborne, Jr.
  2/13/2007SenateAdded as Chief Co-Sponsor Sen. Linda Holmes
  2/13/2007SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter
  2/13/2007SenateAdded as Co-Sponsor Sen. Don Harmon
  2/13/2007SenateAdded as Co-Sponsor Sen. Kwame Raoul
  2/13/2007SenateAdded as Co-Sponsor Sen. Kimberly A. Lightford
  2/13/2007SenateAdded as Co-Sponsor Sen. Donne E. Trotter
  2/13/2007SenateAdded as Co-Sponsor Sen. Carol Ronen
  2/21/2007SenateAdded as Co-Sponsor Sen. John J. Millner
  2/21/2007SenateAdded as Co-Sponsor Sen. Martin A. Sandoval
  2/21/2007SenateAdded as Co-Sponsor Sen. Michael W. Frerichs
  2/22/2007SenateAdded as Co-Sponsor Sen. Iris Y. Martinez
  2/22/2007SenateAdded as Co-Sponsor Sen. John O. Jones
  2/22/2007SenateDo Pass Revenue; 009-000-000
  2/22/2007SenatePlaced on Calendar Order of 2nd Reading February 23, 2007
  2/22/2007SenateAdded as Co-Sponsor Sen. Bill Brady
  2/22/2007SenateFiscal Note Requested by Sen. Chris Lauzen
  2/22/2007SenateAdded as Co-Sponsor Sen. Matt Murphy
  2/22/2007SenateFiscal Note Filed from the Illinois Department of Revenue.
  2/22/2007SenateSecond Reading
  2/22/2007SenatePlaced on Calendar Order of 3rd Reading February 23, 2007
  2/23/2007SenateAdded as Co-Sponsor Sen. Pamela J. Althoff
  2/23/2007SenateAdded as Co-Sponsor Sen. Chris Lauzen
  2/23/2007SenateAdded as Co-Sponsor Sen. M. Maggie Crotty
  2/23/2007SenateAdded as Co-Sponsor Sen. Dan Kotowski
  2/23/2007SenateAdded as Co-Sponsor Sen. David Koehler
  2/23/2007SenateAdded as Co-Sponsor Sen. Dale E. Risinger
  2/23/2007SenateThird Reading - Passed; 056-000-000
  2/23/2007HouseArrived in House
  2/23/2007HousePlaced on Calendar Order of First Reading
  2/23/2007HouseChief House Sponsor Rep. Barbara Flynn Currie
  2/23/2007HouseAdded Alternate Chief Co-Sponsor Rep. Patricia Reid Lindner
  2/23/2007HouseAdded Alternate Chief Co-Sponsor Rep. William B. Black
  2/23/2007HouseAdded Alternate Chief Co-Sponsor Rep. William Davis
  2/23/2007HouseAdded Alternate Chief Co-Sponsor Rep. Susana A Mendoza
  2/23/2007HouseAdded Alternate Co-Sponsor Rep. Lou Lang
  2/23/2007HouseAdded Alternate Co-Sponsor Rep. Arthur L. Turner
  2/23/2007HouseFirst Reading
  2/23/2007HouseReferred to Rules Committee
  3/2/2007HouseAdded Alternate Co-Sponsor Rep. LaShawn K. Ford
  3/2/2007HouseAdded Alternate Co-Sponsor Rep. Constance A. Howard
  3/2/2007HouseAdded Alternate Co-Sponsor Rep. Elizabeth Hernandez
  3/6/2007HouseAdded Alternate Co-Sponsor Rep. Tom Cross
  3/6/2007SenateAdded as Co-Sponsor Sen. James T. Meeks
  3/7/2007HouseAdded Alternate Co-Sponsor Rep. Linda Chapa LaVia
  3/7/2007HouseAdded Alternate Co-Sponsor Rep. Bob Biggins
  3/7/2007HouseAdded Alternate Co-Sponsor Rep. Suzanne Bassi
  3/8/2007HouseAdded Alternate Co-Sponsor Rep. Deborah L. Graham
  3/8/2007HouseAdded Alternate Co-Sponsor Rep. Harry Osterman
  3/8/2007HouseAdded Alternate Co-Sponsor Rep. Careen M Gordon
  3/8/2007HouseAdded Alternate Co-Sponsor Rep. Annazette Collins
  3/8/2007HouseAdded Alternate Co-Sponsor Rep. Cynthia Soto
  3/8/2007HouseAdded Alternate Co-Sponsor Rep. Jack McGuire
  3/8/2007HouseAdded Alternate Co-Sponsor Rep. Joseph M. Lyons
  3/8/2007HouseAdded Alternate Co-Sponsor Rep. Jack D. Franks
  3/8/2007HouseAdded Alternate Co-Sponsor Rep. David Reis
  3/8/2007HouseAdded Alternate Co-Sponsor Rep. Richard T. Bradley
  3/8/2007HouseAdded Alternate Co-Sponsor Rep. Thomas Holbrook
  3/8/2007HouseAdded Alternate Co-Sponsor Rep. John A. Fritchey
  3/8/2007HouseAdded Alternate Co-Sponsor Rep. Dave Winters
  3/8/2007HouseAdded Alternate Co-Sponsor Rep. Dan Reitz
  3/8/2007HouseAdded Alternate Co-Sponsor Rep. Michael K. Smith
  3/8/2007HouseAdded Alternate Co-Sponsor Rep. Naomi D. Jakobsson
  3/14/2007HouseAdded Alternate Co-Sponsor Rep. Robert S. Molaro
  3/14/2007HouseAdded Alternate Co-Sponsor Rep. Bill Mitchell
  3/14/2007HouseAdded Alternate Co-Sponsor Rep. Kathleen A. Ryg
  3/14/2007HouseAdded Alternate Co-Sponsor Rep. Mary E. Flowers
  3/14/2007HouseAdded Alternate Co-Sponsor Rep. David E. Miller
  3/14/2007HouseAdded Alternate Co-Sponsor Rep. Greg Harris
  3/14/2007HouseAdded Alternate Co-Sponsor Rep. Elga L. Jefferies
  3/14/2007HouseAdded Alternate Co-Sponsor Rep. Luis Arroyo
  3/15/2007HouseAdded Alternate Co-Sponsor Rep. Maria Antonia Berrios
  3/15/2007HouseAdded Alternate Co-Sponsor Rep. Ron Stephens
  3/15/2007HouseAdded Alternate Co-Sponsor Rep. Jim Watson
  3/15/2007HouseAdded Alternate Co-Sponsor Rep. Elaine Nekritz
  3/15/2007HouseAdded Alternate Co-Sponsor Rep. Wyvetter H. Younge
  3/15/2007HouseAdded Alternate Co-Sponsor Rep. JoAnn D. Osmond
  3/15/2007HouseAdded Alternate Co-Sponsor Rep. Carolyn H. Krause
  3/15/2007HouseAdded Alternate Co-Sponsor Rep. Michael P. McAuliffe
  3/15/2007HouseAdded Alternate Co-Sponsor Rep. Angelo Saviano
  3/15/2007HouseAdded Alternate Co-Sponsor Rep. Daniel V. Beiser
  3/15/2007HouseAdded Alternate Co-Sponsor Rep. Brandon W. Phelps
  3/15/2007HouseAdded Alternate Co-Sponsor Rep. Charles E. Jefferson
  3/15/2007HouseAdded Alternate Co-Sponsor Rep. John D'Amico
  3/15/2007HouseAdded Alternate Co-Sponsor Rep. Lisa M. Dugan
  3/15/2007HouseAdded Alternate Co-Sponsor Rep. Donald L. Moffitt
  3/15/2007HouseAdded Alternate Co-Sponsor Rep. Mike Boland
  3/15/2007HouseAdded Alternate Co-Sponsor Rep. Aaron Schock
  3/15/2007HouseAdded Alternate Co-Sponsor Rep. Robert Rita
  3/16/2007HouseAdded Alternate Co-Sponsor Rep. Patrick J Verschoore
  3/16/2007HouseAdded Alternate Co-Sponsor Rep. Elizabeth Coulson
  3/16/2007HouseAdded Alternate Co-Sponsor Rep. Robert W. Pritchard
  3/16/2007HouseAdded Alternate Co-Sponsor Rep. Ruth Munson
  3/16/2007HouseAdded Alternate Co-Sponsor Rep. Julie Hamos
  3/16/2007HouseAdded Alternate Co-Sponsor Rep. Daniel J. Burke
  3/16/2007HouseAdded Alternate Co-Sponsor Rep. Michael Tryon
  3/16/2007HouseAdded Alternate Co-Sponsor Rep. Karen A. Yarbrough
  3/16/2007HouseAdded Alternate Co-Sponsor Rep. Jerry L. Mitchell
  3/16/2007HouseAdded Alternate Co-Sponsor Rep. Mike Bost
  3/16/2007HouseAdded Alternate Co-Sponsor Rep. Rich Brauer
  3/16/2007HouseAdded Alternate Co-Sponsor Rep. Sandra M. Pihos
  3/21/2007HouseAdded Alternate Co-Sponsor Rep. Paul D. Froehlich
  3/21/2007HouseAdded Alternate Co-Sponsor Rep. Sara Feigenholtz
  3/21/2007HouseAdded Alternate Co-Sponsor Rep. Monique D. Davis
  3/21/2007HouseAdded Alternate Co-Sponsor Rep. Al Riley
  3/21/2007HouseAdded Alternate Co-Sponsor Rep. Karen May
  3/21/2007HouseAdded Alternate Co-Sponsor Rep. Robert F. Flider
  3/21/2007HouseAdded Alternate Co-Sponsor Rep. Marlow H. Colvin
  3/21/2007HouseAdded Alternate Co-Sponsor Rep. Patricia R. Bellock
  3/21/2007HouseAdded Alternate Co-Sponsor Rep. Esther Golar
  3/21/2007HouseAdded Alternate Co-Sponsor Rep. Shane Cultra
  3/21/2007HouseAdded Alternate Co-Sponsor Rep. Jil Tracy
  3/21/2007HouseAdded Alternate Co-Sponsor Rep. Kevin A. McCarthy
  3/22/2007HouseAdded Alternate Co-Sponsor Rep. George Scully, Jr.
  3/22/2007HouseAdded Alternate Co-Sponsor Rep. James D. Brosnahan
  3/22/2007HouseAdded Alternate Co-Sponsor Rep. Jim Durkin
  3/23/2007HouseAdded Alternate Co-Sponsor Rep. Kurt M. Granberg
  4/18/2007HouseAdded Alternate Co-Sponsor Rep. Edward J. Acevedo
  4/30/2007HouseAssigned to Revenue Committee
  5/2/2007HouseAdded Alternate Co-Sponsor Rep. Kenneth Dunkin
  5/2/2007HouseAdded Alternate Co-Sponsor Rep. David R. Leitch
  5/10/2007HouseAdded Alternate Co-Sponsor Rep. Sidney H. Mathias
  5/10/2007HouseAdded Alternate Co-Sponsor Rep. Fred Crespo
  5/11/2007HouseAdded Alternate Co-Sponsor Rep. Sandy Cole
  5/11/2007HouseAdded Alternate Co-Sponsor Rep. Jim Sacia
  5/11/2007HouseAdded Alternate Co-Sponsor Rep. Franco Coladipietro
  5/11/2007HouseAdded Alternate Co-Sponsor Rep. Mike Fortner
  5/11/2007HouseAdded Alternate Co-Sponsor Rep. Dennis M. Reboletti
  5/11/2007HouseAdded Alternate Co-Sponsor Rep. Richard P. Myers
  5/11/2007HouseAdded Alternate Co-Sponsor Rep. Timothy L. Schmitz
  5/11/2007HouseAdded Alternate Co-Sponsor Rep. Ronald A. Wait
  5/16/2007HouseAdded Alternate Co-Sponsor Rep. Milton Patterson
  5/16/2007HouseAdded Alternate Co-Sponsor Rep. Eddie Washington
  5/18/2007HouseCommittee Deadline Extended-Rule 9(b) May 25, 2007
  5/25/2007HouseFinal Action Deadline Extended-9(b) May 31, 2007
  5/31/2007HouseRule 19(a) / Re-referred to Rules Committee
  8/1/2007SenateAdded as Co-Sponsor Sen. John M. Sullivan
  2/13/2008SenateAdded as Co-Sponsor Sen. Jeffrey M. Schoenberg
  2/13/2008SenateAdded as Co-Sponsor Sen. Michael Noland
  2/13/2008SenateAdded as Co-Sponsor Sen. Heather Steans
  1/13/2009SenateSession Sine Die

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