Illinois General Assembly - Bill Status for HB2334
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 Bill Status of HB2334  96th General Assembly


House Sponsors
Rep. Robert W. Pritchard - Robert F. Flider - Cynthia Soto, Kay Hatcher, Linda Chapa LaVia, Paul D. Froehlich, Elizabeth Hernandez, William Davis, Dave Winters, Mike Boland, Naomi D. Jakobsson, Kenneth Dunkin and Jil Tracy

Last Action
DateChamber Action
  1/11/2011HouseSession 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 Revenue 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 may not exceed $50,000,000 in 2009, $75,000,000 in 2010, or $100,000,000 in 2011 and each calendar year thereafter. Provides conditions for eligibility. Requires the Department to make an annual report concerning the credits. Provides that the credit may be carried forward for 3 years. Exempts the credit from the Act's sunset provisions. Effective immediately.

DateChamber Action
  2/18/2009HouseFiled with the Clerk by Rep. Robert W. Pritchard
  2/19/2009HouseAdded Chief Co-Sponsor Rep. Robert F. Flider
  2/19/2009HouseAdded Chief Co-Sponsor Rep. Cynthia Soto
  2/19/2009HouseFirst Reading
  2/19/2009HouseReferred to Rules Committee
  2/23/2009HouseAssigned to Revenue & Finance Committee
  3/5/2009HouseAdded Co-Sponsor Rep. Kay Hatcher
  3/5/2009HouseAdded Co-Sponsor Rep. Linda Chapa LaVia
  3/5/2009HouseAdded Co-Sponsor Rep. Paul D. Froehlich
  3/5/2009HouseAdded Co-Sponsor Rep. Elizabeth Hernandez
  3/5/2009HouseAdded Co-Sponsor Rep. William Davis
  3/11/2009HouseAdded Co-Sponsor Rep. Dave Winters
  3/11/2009HouseAdded Co-Sponsor Rep. Mike Boland
  3/12/2009HouseAdded Co-Sponsor Rep. Naomi D. Jakobsson
  3/12/2009HouseAdded Co-Sponsor Rep. Kenneth Dunkin
  3/13/2009HouseRule 19(a) / Re-referred to Rules Committee
  3/19/2009HouseAdded Co-Sponsor Rep. Jil Tracy
  1/11/2011HouseSession Sine Die

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