Illinois General Assembly

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 Bill Status of SB1448  98th General Assembly


Short Description:  ENDOW ILLINOIS TAX CREDIT ACT

Senate Sponsors
Sen. Antonio Muņoz - Pamela J. Althoff - Don Harmon - Kirk W. Dillard, William Delgado, Darin M. LaHood, Michael W. Frerichs, Sue Rezin, Wm. Sam McCann, Dan Kotowski, Tim Bivins, Dave Syverson, Linda Holmes, Steve Stadelman, David S. Luechtefeld, Donne E. Trotter, Jacqueline Y. Collins, Iris Y. Martinez, Mike Jacobs, Mattie Hunter, Martin A. Sandoval, Michael E. Hastings, Michael Connelly and David Koehler

House Sponsors
(Rep. Michael J. Zalewski - Patricia R. Bellock - Naomi D. Jakobsson - John M. Cabello - Joe Sosnowski, Robert W. Pritchard, William Davis, Tom Demmer, Adam Brown, Kenneth Dunkin, Jil Tracy, Mike Bost, Norine Hammond, C.D. Davidsmeyer, David R. Leitch, Cynthia Soto, Elizabeth Hernandez, Daniel J. Burke, Maria Antonia Berrios, Kay Hatcher, Arthur Turner and Linda Chapa LaVia)

Last Action
DateChamber Action
  1/13/2015SenateSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/224 new


Synopsis As Introduced
Creates the Endow Illinois Tax Credit Act and amends the Illinois Income Tax Act. Requires the Department of Revenue to authorize an income tax credit to taxpayers who provide an endowment gift to a permanent endowment fund. Sets forth procedures and criteria for authorizing the credits. Provides that the aggregate amount of all credits that the Department may authorize may not exceed $10,000,000 in 2013, $25,000,000 in 2014, or $50,000,000 in 2015 and each calendar year thereafter. Provides conditions for eligibility. Requires the Department to make an annual report concerning the credits. Provides that the credit may be carried forward for 5 years. Exempts the credit from the Act's sunset provisions. Effective immediately.

Senate Committee Amendment No. 1
Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with changes. Provides that the Department of Commerce and Economic Opportunity may award (now, the Department of Revenue may authorize) the Endow Illinois Tax Credit. Makes changes concerning the maximum amount of credits that may be awarded in any calendar year. Provides that a separate application is required for each endowment gift. Provides that the Director of Revenue may make available to the Department of Commerce and Economic Opportunity information received by the Director from tax returns filed under the Illinois Income Tax Act, for the limited purpose of determining the taxpayer's eligibility for credit under the Endow Illinois Tax Credit Act. Removes a provision exempting the credit from the automatic sunset. Effective immediately.

Senate Floor Amendment No. 2
Makes changes concerning the aggregate amount of credits that may be awarded by the Department under the Endow Illinois Tax Credit Act. Provides that a taxpayer is not eligible to receive a credit under that Act if the taxpayer's gross business receipts for the 3 prior taxable years exceeds $5,000,000 for taxable years ending in 2013 or $12,500,000 for taxable years ending in 2014 or thereafter.

House Committee Amendment No. 2
Deletes reference to:
New Act
35 ILCS 5/224 new
Adds reference to:
35 ILCS 10/5-15
35 ILCS 110/3-70

Replaces everything after the enacting clause. Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that certain distributors of industrial and specialty chemicals may elect to claim the credit against their withholding tax liability. Amends the Service Use Tax Act. Provides that purchases of manufacturing machinery and equipment and graphic arts machinery and equipment made on and after September 1, 2004 through August 30, 2014 qualify for the manufacturer's purchase credit regardless of whether or not the serviceman made certain elections to exclude the transaction from the Act. Effective immediately.

Actions 
DateChamber Action
  2/6/2013SenateFiled with Secretary by Sen. Antonio Muņoz
  2/6/2013SenateFirst Reading
  2/6/2013SenateReferred to Assignments
  2/14/2013SenateAdded as Co-Sponsor Sen. William Delgado
  2/14/2013SenateAssigned to Revenue
  2/19/2013SenateAdded as Co-Sponsor Sen. Darin M. LaHood
  2/28/2013SenatePostponed - Revenue
  3/1/2013SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff
  3/1/2013SenateAdded as Co-Sponsor Sen. Michael W. Frerichs
  3/5/2013SenateAdded as Co-Sponsor Sen. Sue Rezin
  3/6/2013SenatePostponed - Revenue
  3/12/2013SenateAdded as Co-Sponsor Sen. Wm. Sam McCann
  3/13/2013SenatePostponed - Revenue
  3/15/2013SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Antonio Muņoz
  3/15/2013SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/19/2013SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
  3/20/2013SenateSenate Committee Amendment No. 1 Adopted
  3/20/2013SenateDo Pass as Amended Revenue; 007-003-001
  3/20/2013SenatePlaced on Calendar Order of 2nd Reading March 21, 2013
  3/22/2013SenateAdded as Co-Sponsor Sen. Dan Kotowski
  4/8/2013SenateAdded as Co-Sponsor Sen. Tim Bivins
  4/9/2013SenateAdded as Co-Sponsor Sen. Dave Syverson
  4/11/2013SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Antonio Muņoz
  4/11/2013SenateSenate Floor Amendment No. 2 Referred to Assignments
  4/11/2013SenateAdded as Co-Sponsor Sen. Linda Holmes
  4/12/2013SenateAdded as Co-Sponsor Sen. Steve Stadelman
  4/17/2013SenateSenate Floor Amendment No. 2 Assignments Refers to Revenue
  4/17/2013SenateSenate Floor Amendment No. 2 Postponed - Revenue
  4/23/2013SenateAdded as Co-Sponsor Sen. David S. Luechtefeld
  4/24/2013SenateSenate Floor Amendment No. 2 Postponed - Revenue
  4/24/2013SenateSecond Reading
  4/24/2013SenatePlaced on Calendar Order of 3rd Reading April 25, 2013
  4/29/2013SenateRule 2-10 Third Reading Deadline Established As May 3, 2013
  5/1/2013SenateAdded as Co-Sponsor Sen. Donne E. Trotter
  5/1/2013SenateAdded as Co-Sponsor Sen. Jacqueline Y. Collins
  5/1/2013SenateAdded as Co-Sponsor Sen. Iris Y. Martinez
  5/1/2013SenateAdded as Co-Sponsor Sen. Kirk W. Dillard
  5/1/2013SenateSponsor Removed Sen. Kirk W. Dillard
  5/2/2013SenateRule 2-10 Third Reading Deadline Established As May 31, 2013
  5/6/2013SenateAdded as Co-Sponsor Sen. Mike Jacobs
  5/7/2013SenateAdded as Chief Co-Sponsor Sen. Don Harmon
  5/9/2013SenateAdded as Co-Sponsor Sen. Mattie Hunter
  5/9/2013SenateAdded as Co-Sponsor Sen. Martin A. Sandoval
  5/16/2013SenateSenate Floor Amendment No. 2 Recommend Do Adopt Revenue; 008-002-000
  5/22/2013SenateRecalled to Second Reading
  5/22/2013SenateSenate Floor Amendment No. 2 Adopted; Muņoz
  5/22/2013SenatePlaced on Calendar Order of 3rd Reading
  5/22/2013SenateAdded as Co-Sponsor Sen. Michael E. Hastings
  5/22/2013SenateAdded as Co-Sponsor Sen. Michael Connelly
  5/22/2013SenateThird Reading - Passed; 047-004-001
  5/23/2013HouseArrived in House
  5/23/2013HouseChief House Sponsor Rep. Barbara Flynn Currie
  5/23/2013HouseAdded Alternate Chief Co-Sponsor Rep. Robert W. Pritchard
  5/23/2013HouseFirst Reading
  5/23/2013HouseReferred to Rules Committee
  5/24/2013HouseAdded Alternate Co-Sponsor Rep. William Davis
  5/24/2013HouseAdded Alternate Chief Co-Sponsor Rep. Naomi D. Jakobsson
  5/24/2013HouseAlternate Chief Co-Sponsor Changed to Rep. Naomi D. Jakobsson
  5/27/2013HouseAdded Alternate Co-Sponsor Rep. Tom Demmer
  5/27/2013HouseAdded Alternate Co-Sponsor Rep. Adam Brown
  5/28/2013HouseAdded Alternate Co-Sponsor Rep. Kenneth Dunkin
  5/28/2013HouseAdded Alternate Co-Sponsor Rep. Jil Tracy
  5/30/2013HouseAdded Alternate Co-Sponsor Rep. Mike Bost
  5/30/2013HouseAdded Alternate Co-Sponsor Rep. Norine Hammond
  5/31/2013HouseAdded Alternate Co-Sponsor Rep. C.D. Davidsmeyer
  5/31/2013HouseAdded Alternate Co-Sponsor Rep. David R. Leitch
  5/31/2013HouseAdded Alternate Chief Co-Sponsor Rep. John M. Cabello
  5/31/2013HouseAdded Alternate Chief Co-Sponsor Rep. Joe Sosnowski
  5/31/2013HouseAlternate Chief Co-Sponsor Changed to Rep. John M. Cabello
  5/31/2013HouseAlternate Chief Co-Sponsor Changed to Rep. John M. Cabello
  5/31/2013HouseAlternate Chief Co-Sponsor Changed to Rep. Joe Sosnowski
  5/31/2013HouseAdded Alternate Co-Sponsor Rep. Cynthia Soto
  5/31/2013HouseAdded Alternate Co-Sponsor Rep. Elizabeth Hernandez
  5/31/2013HouseAdded Alternate Co-Sponsor Rep. Daniel J. Burke
  5/31/2013HouseAdded Alternate Co-Sponsor Rep. Maria Antonia Berrios
  5/31/2013HouseAdded Alternate Co-Sponsor Rep. Robyn Gabel
  6/7/2013HouseAdded Alternate Co-Sponsor Rep. Kay Hatcher
  10/1/2013HouseAdded Alternate Co-Sponsor Rep. Arthur Turner
  10/16/2013HouseFinal Action Deadline Extended-9(b) November 30, 2013
  10/16/2013HouseAssigned to Revenue & Finance Committee
  10/21/2013HouseAdded Alternate Co-Sponsor Rep. Linda Chapa LaVia
  10/30/2013HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski
  10/30/2013HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  10/30/2013HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  11/4/2013HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Michael J. Zalewski
  11/4/2013HouseHouse Committee Amendment No. 2 Referred to Rules Committee
  11/5/2013HouseHouse Committee Amendment No. 2 Rules Refers to Revenue & Finance Committee
  11/5/2013HouseAlternate Chief Sponsor Changed to Rep. Michael J. Zalewski
  11/5/2013HouseHouse Committee Amendment No. 2 Adopted in Revenue & Finance Committee; by Voice Vote
  11/5/2013HouseDo Pass as Amended / Short Debate Revenue & Finance Committee; 008-000-000
  11/5/2013HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
  11/5/2013HousePlaced on Calendar 2nd Reading - Short Debate
  11/5/2013HouseSecond Reading - Short Debate
  11/5/2013HouseHeld on Calendar Order of Second Reading - Short Debate
  11/6/2013SenateAdded as Co-Sponsor Sen. David Koehler
  11/6/2013HouseHouse Floor Amendment No. 3 Filed with Clerk by Rep. Jeanne M Ives
  11/6/2013HouseHouse Floor Amendment No. 3 Referred to Rules Committee
  11/6/2013HouseAlternate Chief Co-Sponsor Removed Rep. Robert W. Pritchard
  11/6/2013HouseAdded Alternate Chief Co-Sponsor Rep. Patricia R. Bellock
  11/6/2013HouseAdded Alternate Co-Sponsor Rep. Robert W. Pritchard
  11/6/2013HousePlaced on Calendar Order of 3rd Reading - Short Debate
  11/6/2013House3/5 Vote Required
  11/6/2013HouseThird Reading - Short Debate - Passed 086-028-001
  11/6/2013HouseAlternate Co-Sponsor Removed Rep. Robyn Gabel
  11/6/2013SenateSecretary's Desk - Concurrence House Amendment(s) 2
  11/6/2013SenatePlaced on Calendar Order of Concurrence House Amendment(s) 2 - November 7, 2013
  11/6/2013SenateAdded as Chief Co-Sponsor Sen. Kirk W. Dillard
  1/3/2014SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  1/13/2015SenateSession Sine Die

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