Bill Status of HB4237  100th General Assembly


Short Description:  INC TX-CHARITABLE CONTRIBUTION

House Sponsors
Rep. Jonathan Carroll - Michelle Mussman - Martin J. Moylan - Emanuel Chris Welch - David Harris, Jerry Costello, II, Natalie Phelps Finnie, Sue Scherer, John C. D'Amico, Monica Bristow, Katie Stuart, Deb Conroy, Stephanie A. Kifowit, John Connor, Michael Halpin, Kathleen Willis, Robyn Gabel, David S. Olsen and Lou Lang

Last Action
DateChamber Action
  2/14/2018HousePlaced on Calendar 2nd Reading - Short Debate

Statutes Amended In Order of Appearance
30 ILCS 105/5.886 new
30 ILCS 105/6z-105 new
35 ILCS 5/228 new
55 ILCS 5/5-1005from Ch. 34, par. 5-1005


Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the contributions made by the taxpayer to the Illinois Excellence Fund during the taxable year. Amends the State Finance Act. Creates the Illinois Excellence Fund. Provides that moneys in the Fund shall be used for exclusively public purposes, as specified under Section 170 of the Internal Revenue Code relating to charitable contributions and gifts. Amends the Counties Code. Provides that the county board may establish a fund in the county treasury for the purpose of accepting contributions for exclusively public purposes, as specified under Section 170 of the Internal Revenue Code relating to charitable contributions and gifts and may provide for a credit against the taxpayer's property tax liability in an amount equal to the amount of the contribution. Effective immediately.

House Committee Amendment No. 1
Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following changes: (1) provides that the Fund shall be known as the Illinois Education Excellence Fund; (2) provides that the Illinois Education Excellence Fund may accept contributions for exclusively public education purposes; (3) provides that the tax credits for contributions to the Illinois Education Excellence Fund and the county fund for charitable purposes apply to individual taxpayers only; (4) provides that the State Treasurer shall provide a copy of the certification to the taxpayer and the Department of Revenue as soon as possible after the contribution is certified; (5) provides that the income tax credit applies for taxable years ending after December 31, 2017 and before January 1, 2026; and (6) provides that provisions amending the Counties Code apply for taxable years 2018 through 2025. Effective immediately.

Actions 
DateChamber Action
  1/11/2018HouseFiled with the Clerk by Rep. Jonathan Carroll
  1/11/2018HouseChief Co-Sponsor Rep. Michelle Mussman
  1/11/2018HouseChief Co-Sponsor Rep. Martin J. Moylan
  1/11/2018HouseAdded Chief Co-Sponsor Rep. Emanuel Chris Welch
  1/11/2018HouseAdded Co-Sponsor Rep. Jerry Costello, II
  1/11/2018HouseAdded Co-Sponsor Rep. Natalie Phelps Finnie
  1/11/2018HouseAdded Co-Sponsor Rep. Sue Scherer
  1/11/2018HouseAdded Co-Sponsor Rep. John C. D'Amico
  1/11/2018HouseAdded Co-Sponsor Rep. Monica Bristow
  1/11/2018HouseAdded Co-Sponsor Rep. Katie Stuart
  1/11/2018HouseAdded Co-Sponsor Rep. Deb Conroy
  1/11/2018HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit
  1/16/2018HouseFirst Reading
  1/16/2018HouseReferred to Rules Committee
  1/16/2018HouseAdded Co-Sponsor Rep. John Connor
  1/18/2018HouseAdded Co-Sponsor Rep. Michael Halpin
  1/23/2018HouseAdded Chief Co-Sponsor Rep. David Harris
  1/23/2018HouseAdded Co-Sponsor Rep. Kathleen Willis
  1/24/2018HouseAssigned to Revenue & Finance Committee
  1/24/2018HouseAdded Co-Sponsor Rep. Robyn Gabel
  1/24/2018HouseAdded Co-Sponsor Rep. David S. Olsen
  1/29/2018HouseAdded Co-Sponsor Rep. Lou Lang
  2/6/2018HouseTo Income Tax Subcommittee
  2/13/2018HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Jonathan Carroll
  2/13/2018HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  2/13/2018HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  2/14/2018HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 004-000-000
  2/14/2018HouseRemains in Revenue & Finance Committee
  2/14/2018HouseHouse Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
  2/14/2018HouseDo Pass as Amended / Short Debate Revenue & Finance Committee; 008-001-000
  2/14/2018HousePlaced on Calendar 2nd Reading - Short Debate