Illinois General Assembly - Bill Status for HB1525
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 Bill Status of HB1525  96th General Assembly

Short Description:  REVENUE-TECH

House Sponsors
Rep. Michael J. Zalewski - Darlene J. Senger - Michael G. Connelly - Monique D. Davis, Barbara Flynn Currie and John E. Bradley

Senate Sponsors
(Sen. Terry Link)

Last Action
DateChamber Action
  3/4/2011HousePublic Act . . . . . . . . . 96-1534

Statutes Amended In Order of Appearance
35 ILCS 5/509from Ch. 120, par. 5-509

Synopsis As Introduced
Amends the Illinois Income Tax Act. Makes a technical change and a revisory change in a Section concerning tax checkoff explanations.

House Floor Amendment No. 1
Deletes reference to:
35 ILCS 5/509
Adds reference to:
35 ILCS 10/5-15

Replaces everything after the enacting clause. Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that a taxpayer that engages in water purification and treatment may elect to claim the EDGE Credit against its withholding tax obligation if the taxpayer (ii) had an Illinois net operating loss carryforward under Section 207 of the Illinois Income Tax Act in a taxable year ending during calendar year 2009, (ii) has applied for an EDGE agreement within 150 days after the effective date of the amendatory Act, (iii) creates at least 150 new jobs, (iv) retains at least 1,000 jobs in Illinois that would have been at risk of relocation out of Illinois over a 10-year period, and (v) makes a capital investment of at least $57,000,000. Effective immediately.

DateChamber Action
  2/17/2009HouseFiled with the Clerk by Rep. Michael J. Madigan
  2/17/2009HouseChief Co-Sponsor Rep. Barbara Flynn Currie
  2/17/2009HouseChief Co-Sponsor Rep. John E. Bradley
  2/18/2009HouseFirst Reading
  2/18/2009HouseReferred to Rules Committee
  2/19/2009HouseAssigned to Executive Committee
  3/3/2009HouseMoved to Suspend Rule 25 Rep. Barbara Flynn Currie
  3/3/2009HouseSuspend Rule 25 - Prevailed
  3/4/2009HouseDo Pass / Short Debate Executive Committee; 010-000-000
  3/4/2009HousePlaced on Calendar 2nd Reading - Short Debate **
  4/3/2009HouseRule 19(a) / Re-referred to Rules Committee
  11/10/2010HouseFinal Action Deadline Extended-9(b) January 11, 2011
  11/10/2010HouseApproved for Consideration Rules Committee; 003-001-000
  11/10/2010HousePlaced on Calendar 2nd Reading - Short Debate
  11/16/2010HouseChief Sponsor Changed to Rep. Michael J. Zalewski
  11/17/2010HouseSecond Reading - Short Debate
  11/17/2010HouseHeld on Calendar Order of Second Reading - Short Debate
  11/29/2010HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski
  11/29/2010HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  11/29/2010HouseHouse Floor Amendment No. 1 Rules Refers to Revenue & Finance Committee
  11/29/2010HouseAdded Chief Co-Sponsor Rep. Darlene J. Senger
  11/29/2010HouseRemove Chief Co-Sponsor Rep. Barbara Flynn Currie
  11/29/2010HouseAdded Co-Sponsor Rep. Barbara Flynn Currie
  11/29/2010HouseRemove Chief Co-Sponsor Rep. John E. Bradley
  11/29/2010HouseAdded Co-Sponsor Rep. John E. Bradley
  11/29/2010HouseAdded Chief Co-Sponsor Rep. Michael G. Connelly
  11/29/2010HouseAdded Chief Co-Sponsor Rep. Monique D. Davis
  11/30/2010HouseHouse Floor Amendment No. 1 Recommends Be Adopted Revenue & Finance Committee; 009-000-000
  11/30/2010HouseHouse Floor Amendment No. 1 Adopted by Voice Vote
  11/30/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate
  11/30/2010HouseThird Reading - Short Debate - Passed 114-000-000
  11/30/2010SenateArrive in Senate
  11/30/2010SenatePlaced on Calendar Order of First Reading December 1, 2010
  11/30/2010SenateChief Senate Sponsor Sen. Terry Link
  12/2/2010SenateFirst Reading
  12/2/2010SenateReferred to Assignments
  12/29/2010SenateAssigned to Executive
  1/3/2011SenateRule 2-10 Committee/3rd Reading Deadline Established As January 11, 2011
  1/4/2011SenateDo Pass Executive; 012-000-000
  1/4/2011SenatePlaced on Calendar Order of 2nd Reading January 4, 2011
  1/4/2011SenateSecond Reading
  1/4/2011SenatePlaced on Calendar Order of 3rd Reading January 5, 2011
  1/5/2011SenateThird Reading - Passed; 048-000-000
  1/5/2011HousePassed Both Houses
  1/7/2011HouseSent to the Governor
  3/4/2011HouseGovernor Approved
  3/4/2011HouseEffective Date March 4, 2011
  3/4/2011HousePublic Act . . . . . . . . . 96-1534

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