Date	Chamber	Action
1/12/2011	Senate	Session Sine Die

Statutes Amended In Order of Appearance

New Act

35 ILCS 5/218 new

Synopsis As Introduced
Creates the Endow Illinois Tax Credit Act and amends the Illinois Income Tax Act. Requires the Department of Commerce and Economic Opportunity 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 in any calendar year may not exceed $50,000,000. 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.

Actions 

Date	Chamber	Action
2/20/2009	Senate	Filed with Secretary by Sen. A. J. Wilhelmi
2/20/2009	Senate	First Reading
2/20/2009	Senate	Referred to Assignments
2/23/2009	Senate	Added as Chief Co-Sponsor Sen. Kirk W. Dillard
2/27/2009	Senate	Added as Chief Co-Sponsor Sen. Pamela J. Althoff
3/4/2009	Senate	Assigned to Revenue
3/5/2009	Senate	Added as Co-Sponsor Sen. William Delgado
3/6/2009	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. A. J. Wilhelmi
3/6/2009	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/6/2009	Senate	Added as Chief Co-Sponsor Sen. Kimberly A. Lightford
3/10/2009	Senate	Senate Committee Amendment No. 1 Assignments Refers to Revenue
3/11/2009	Senate	Added as Co-Sponsor Sen. Michael W. Frerichs
3/12/2009	Senate	Added as Co-Sponsor Sen. John M. Sullivan
3/12/2009	Senate	To Revenue Subcommittee on Special Issues
3/13/2009	Senate	Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
3/13/2009	Senate	Rule 3-9(a) / Re-referred to Assignments
3/26/2009	Senate	Added as Co-Sponsor Sen. Chris Lauzen
4/3/2009	Senate	Rule 2-10 Third Reading Deadline Established As April 30, 2009
1/12/2011	Senate	Session Sine Die

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