Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

New Act

Synopsis As Introduced
Creates the FY2005 Budget Implementation Act. Provides that the purpose of the Act is to make the changes in State programs that are necessary to implement the Governor's FY2005 budget recommendations.

House Amendment No. 1

	Deletes reference to:
	New Act

	Adds reference to:
	35 ILCS 5/203	from Ch. 120, par. 2-203

Deletes everything after the enacting clause. Amends the Illinois Income Tax Act. Sets forth procedures, including the straight-line accounting method, for calculating the deduction for the depreciation of property for tax years ending on or after December 31, 2004. Sets forth procedures for calculating depreciation and basis adjustments for property placed into service in tax years ending before December 31, 2004.

	Pension Note (Economic and Fiscal Commission)
	Senate Bill 2211, as amended by House Amendment 1, would not impact any public pension fund or retirement system in Illinois.

	Judicial Note (Admin Office of the Illinois Courts)
	Senate Bill 2211, as amended by House Amendment 1, would neither increase nor decrease the number of judges needed in the State.

	State Debt Impact Note (Economic and Fiscal Commission)
	As amended by HA1, would not affect the level of State indebtedness.

	Housing Affordability Impact Note (Housing Development Authority)
	Senate Bill 2211, as amended by House Amendment 1, will have no effect on constructing, purchasing, owning, or selling a single-family residence.

	Fiscal Note (Department of Revenue)
	As amended by HA1, decouples the Illinois Income Tax Act from federal accelerated and bonus depreciation rules. Sets forth instead a straight-line depreciation method for expensing equipment. Will increase State revenue by an estimated $105 million.

	Balanced Budget Note (Office of Management and Budget)
	Senate Bill 2211, as amended by House Amendment 1, will have a fiscal impact of approximately $74 million to $105 million in additional revenues for the State as provided for in the Governor's Recommended Balanced Budget.

	Correctional Note (Dept of Corrections)
	Senate Bill 2211, as amended by House Amendment 1, will have no corrections population or fiscal impact on the Department.

	Home Rule Note (Department of Commerce and Economic Opportunity)
	Senate Bill 2211, as amended by House Amendment 1, does not pre-empt home rule authority.

	State Mandates Fiscal Note (Department of Commerce and Economic Opportunity)
	Senate Bill 2211, as amended by House Amendment 1, does not create a State mandate under the State Mandates Act.

Actions 

Date	Chamber	Action
1/15/2004	Senate	Filed with Secretary by Sen. Emil Jones, Jr.
1/15/2004	Senate	First Reading
1/15/2004	Senate	Referred to Rules
1/29/2004	Senate	Assigned to State Government
2/19/2004	Senate	Do Pass State Government; 005-002-000
2/19/2004	Senate	Placed on Calendar Order of 2nd Reading February 20, 2004
2/24/2004	Senate	Second Reading
2/24/2004	Senate	Placed on Calendar Order of 3rd Reading February 25, 2004
3/25/2004	Senate	Third Reading - Passed; 048-007-001
3/25/2004	House	Arrived in House
3/25/2004	House	Placed on Calendar Order of First Reading
3/25/2004	Senate	Added as Chief Co-Sponsor Sen. Mattie Hunter
3/29/2004	House	Chief House Sponsor Rep. Michael J. Madigan
3/29/2004	House	First Reading
3/29/2004	House	Referred to Rules Committee
3/30/2004	House	Assigned to Executive Committee
4/29/2004	House	Do Pass / Standard Debate Executive Committee; 007-005-000
4/29/2004	House	Placed on Calendar 2nd Reading - Standard Debate **
5/4/2004	House	Re-committed to Rules Committee
5/4/2004	House	Assigned to Revenue Committee
5/14/2004	House	Committee/3rd Reading Deadline Extended-Rule 9(b) May 31, 2004
5/18/2004	House	Added Alternate Chief Co-Sponsor Rep. Barbara Flynn Currie
5/18/2004	House	Added Alternate Chief Co-Sponsor Rep. Gary Hannig
5/20/2004	House	House Amendment No. 1 Filed with Clerk by Revenue Committee
5/20/2004	House	House Amendment No. 1 Adopted in Revenue Committee; by Voice Vote
5/20/2004	House	Do Pass as Amended / Standard Debate Revenue Committee; 005-004-000
5/20/2004	House	Placed on Calendar 2nd Reading - Standard Debate
5/20/2004	House	Second Reading - Standard Debate
5/20/2004	House	Placed on Calendar Order of 3rd Reading - Standard Debate
5/21/2004	House	Pension Note Filed As Amended by HA 1
5/24/2004	House	Judicial Note Filed As Amended by HA 1
5/24/2004	House	State Debt Impact Note Filed As Amended by HA 1
5/24/2004	House	Housing Affordability Impact Note Filed As Amended by HA 1
5/26/2004	House	Fiscal Note Filed As Amended by HA 1
5/28/2004	House	Balanced Budget Note Filed As Amended by HA 1
5/30/2004	House	Correctional Note Filed As Amended by HA 1
5/31/2004	House	Final Action Deadline Extended-9(b) June 30, 2004
6/3/2004	House	Home Rule Note Filed As Amended by HA 1
6/3/2004	House	State Mandates Fiscal Note Filed As Amended by HA 1
6/30/2004	House	Final Action Deadline Extended-9(b) July 15, 2004
7/15/2004	House	Final Action Deadline Extended-9(b) JULY 31, 2004
7/31/2004	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2005	Senate	Session Sine Die

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