90th General Assembly
Summary of SB0645
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Senate Sponsors:
CLAYBORNE-REA-VIVERITO-BERMAN-SEVERNS, SHAW AND DEMUZIO.

House Sponsors:
CURRIE-BLACK-PHELPS

Short description: 
INC TX-ADOPT A SCHOOL CR                                                   

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Creates a tax credit against      
   the taxes imposed under this Act for employer taxpayers in  an  amount      
   equal  to  100%  of  amounts  contributed by the employer to public or      
   private  elementary,  secondary,   or   post-secondary   schools   for      
   educational purposes.  Provides that the credit may be carried forward      
   for  2  years.   Provides that in no event shall the credit reduce the      
   employer taxpayer's liability under the Act below  zero.   Applies  to      
   tax  years  beginning  on  or  after  January 1, 1997 and ending on or      
   before December 30, 2002.                                                   
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          35 ILCS 5/211                                                        
          Adds reference to:                                                   
          35 ILCS 5/203                                                        
        Deletes everything. Amends the Illinois Income Tax Act. Provides       
   that beginning with taxable years beginning on or after January 1,          
   1997 and ending with taxable years ending on or before December 30,         
   2002, an individual income tax deduction not to exceed $100,000 is          
   available in an amount equal to the amount contributed for educational      
   purposes by the taxpayer to any public or private elementary, secon-        
   dary, a post-secondary school in Illinois, as certified by the reci-        
   pient school.                                                               
        SENATE AMENDMENT NO. 2.                                                
        Provides that the deduction shall be  available  for  foundations      
   established  under  Section  501(c)(3) of the Internal Revenue Code to      
   raise moneys for schools. Provides that the deduction is not available      
   for donations to post-secondary schools in Illinois.                        
          PENSION NOTE, H-AM 1                                                 
          A FY1999 appropriation of $64.1 M to Chi. Teachers' Pension          
          Fund would be required, an increase of $2.1 M over FY1998.           
          STATE MANDATES FISCAL NOTE, H-AMS 1 & 2 (DCCA)                       
          Fails to create a State mandate.                                     
          HOME RULE NOTE, H-AMS 1 & 2                                          
          Does not preempt home rule authority.                                
          FISCAL NOTE, H-AM 1 (Dpt. Revenue)                                   
          Increased tax receipts from the income tax rate are estimated        
          at $1.5 billion annually; the rent deduction will cost an esti-      
          mated $50.6 to a maximum of $67.5 million annually.                  
          FISCAL NOTE, H-AMS 1 & 2 (Dpt. Revenue)                              
          No change from previous fiscal note.                                 
          STATE DEBT IMPACT NOTE, H-AMS 1 & 2                                  
          Does not authorize any State debt, make appropriations from any      
          bond fund, or increase debt service payments by the State.           
          BALANCED BUDGET NOTE, H-AMS 1 & 2                                    
          There may be a significant fiscal impact on the State, but the       
          bill does not authorize, increase, decrease, or reallocate any       
          general funds appropriation for FY1997.                              
          JUDICIAL NOTE, H-AMS 1 & 2                                           
          Impact on the Judicial Branch cannot be determined.                  
        HOUSE AMENDMENT NO. 1.                                                 
          Adds reference to:                                                   
          30 ILCS 105/5.449 new                                                
          30 ILCS 105/5.550 new                                                
          30 ILCS 115/7 new                                                    
          35 ILCS 5/201                   from Ch. 120, par. 2-201             
          35 ILCS 5/202.5 new                                                  
          35 ILCS 5/804                   from Ch. 120, par. 8-804             
          35 ILCS 5/901                   from Ch. 120, par. 9-901             
          35 ILCS 200/18-162 new                                               
          35 ILCS 200/18-249                                                   
          35 ILCS 200/18-255                                                   
          35 ILCS 200/20-15                                                    
          35 ILCS 200/21-30                                                    
          35 ILCS 200/18-200 rep.                                              
          40 ILCS 5/17-108                from Ch. 108 1/2, par. 17-108        
          40 ILCS 5/17-127                from Ch. 108 1/2, par. 17-127        
          40 ILCS 5/17-129                from Ch. 108 1/2, par. 17-129        
          40 ILCS 15/1.1                                                       
          105 ILCS 5/1A-2                 from Ch. 122, par. 1A-2              
          105 ILCS 5/1C-2                                                      
          105 ILCS 5/1D-1                                                      
          105 ILCS 5/2-3.120 new                                               
          105 ILCS 5/2-3.121 new                                               
          105 ILCS 5/2-3.122 new                                               
          105 ILCS 5/10-22.6              from Ch. 122, par. 10-22.6           
          105 ILCS 5/10-22.23             from Ch. 122, par. 10-22.23          
          105 ILCS 5/10-22.23a            from Ch. 122, par. 10-22.23a         
          105 ILCS 5/10-23.5              from Ch. 122, par. 10-23.5           
          105 ILCS 5/10-23.8              from Ch. 122, par. 10-23.8           
          105 ILCS 5/10-23.8a             from Ch. 122, par. 10-23.8a          
          105 ILCS 5/18-7                 from Ch. 122, par. 18-7              
          105 ILCS 5/18-8                 from Ch. 122, par. 18-8              
          105 ILCS 5/18-8.2               from Ch. 122, par. 18-8.2            
          105 ILCS 5/21-0.01 new                                               
          105 ILCS 5/21-0.02 new                                               
          105 ILCS 5/21-0.03 new                                               
          105 ILCS 5/21-1a                from Ch. 122, par. 21-1a             
          105 ILCS 5/21-2                 from Ch. 122, par. 21-2              
          105 ILCS 5/21-2.1               from Ch. 122, par. 21-2.1            
          105 ILCS 5/21-2a                from Ch. 122, par. 21-2a             
          105 ILCS 5/21-3                 from Ch. 122, par. 21-3              
          105 ILCS 5/21-4                 from Ch. 122, par. 21-4              
          105 ILCS 5/21-5                 from Ch. 122, par. 21-5              
          105 ILCS 5/21-5a                from Ch. 122, par. 21-5a             
          105 ILCS 5/21-5b                                                     
          105 ILCS 5/21-5c new                                                 
          105 ILCS 5/21-5d new                                                 
          105 ILCS 5/21-7.1               from Ch. 122, par. 21-7.1            
          105 ILCS 5/21-10                from Ch. 122, par. 21-10             
          105 ILCS 5/21-11.1              from Ch. 122, par. 21-11.1           
          105 ILCS 5/21-11.3              from Ch. 122, par. 21-11.3           
          105 ILCS 5/21-11.4                                                   
          105 ILCS 5/21-14                from Ch. 122, par. 21-14             
          105 ILCS 5/24-11                from Ch. 122, par. 24-11             
          105 ILCS 5/24-12                from Ch. 122, par. 24-12             
          105 ILCS 5/34-84                from Ch. 122, par. 34-84             
          105 ILCS 5/1B-8                 from Ch. 122, par. 1B-8              
          105 ILCS 5/2-3.51.5                                                  
          105 ILCS 5/7-11                 from Ch. 122, par. 7-11              
          105 ILCS 5/10-22.20             from Ch. 122, par. 10-22.20          
          105 ILCS 5/18-4.3               from Ch. 122, par. 18-4.3            
          105 ILCS 5/18-8.4               from Ch. 122, par. 18-8.4            
          105 ILCS 5/29-5                 from Ch. 122, par. 29-5              
          105 ILCS 5/34-8.4                                                    
          105 ILCS 5/34-18                from Ch. 122, par. 34-18             
          105 ILCS 5/1C-3 rep.                                                 
          105 ILCS 5/1C-4 rep.                                                 
          115 ILCS 5/13                   from Ch. 48, par. 1713               
        Deletes everything.  Amends numerous Acts in relation  to  public      
   education  and  taxation.    Amends the School Code to create a School      
   Capital and Technology Infrastructure Program.  Authorizes the use  of      
   $1,000,000,000  in  general obligation bond revenues for making grants      
   over a 5-year  period.    Provides  for  repayment  of  bonds  through      
   transfers  from  the General Revenue Fund.  Amends the Illinois Income      
   Tax Act to raise the income tax rate to 3.75% for individuals, trusts,      
   and estates.  Provides for deposit of portions of  the  proceeds  into      
   the  Common  School  Fund  and  2  newly  created Funds: the Education      
   Property Tax  Relief  Fund  and  the  School  Capital  and  Technology      
   Infrastructure  Fund.   Also  creates  a  deduction for rent paid by a      
   taxpayer on his or her principal residence.  Amends the  Property  Tax      
   Code  and  the State Revenue Sharing Act to provide for abatement of a      
   portion of real property taxes.  Amends  the  Illinois  Pension  Code.      
   Provides  that  the  State  shall  take  over  the  Chicago  Board  of      
   Education's   obligation  to  pay  the  employer's  share  of  pension      
   contributions for Chicago teachers.  Also  amends  the  State  Pension      
   Funds  Continuing Appropriation Act to guarantee the timely payment of      
   these obligations.  Amends the School Code.  Rewrites and changes  the      
   general  State  aid  formula  and  related  provisions.  Creates a new      
   system of teacher certification and a Professional  Teacher  Standards      
   Board  and  School  Administrator Standards Board.  Changes provisions      
   relating to  tenure  for  public  school  teachers.  Amends  and  adds      
   provisions  in  relation  to block grants, school nurses, expulsion of      
   students,  multiyear  contracts  for  administrators,   provision   of      
   noninstructional   services,  chief  school  business  officials,  and      
   strikes.  Amends the  Illinois  Educational  Labor  Relations  Act  in      
   relation  to  strikes.    Also makes technical corrections.  Effective      
   July 1, 1997.                                                               
        HOUSE AMENDMENT NO. 2.                                                 
        In the Section proposed to be added  to  the  Property  Tax  Code      
   relating  to  school  tax abatement, deletes the word "divided" from a      
   sentence prescribing the manner  in  which  the  county  clerk  is  to      
   calculate the rate for the abatement.                                       
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   2     SENATE -   2


   END OF INQUIRY 
                                                                               



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