Illinois General Assembly - Bill Status for SB3658
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 Bill Status of SB3658  094th General Assembly

Short Description:  INC TX-CREDIT-REHAB BUILDING

Senate Sponsors
Sen. Deanna Demuzio - Toi W. Hutchinson - Michael Noland - Emil Jones, III - Jacqueline Y. Collins, Linda Holmes, William R. Haine, A. J. Wilhelmi, John M. Sullivan, Heather Steans, Terry Link, Antonio Muñoz, Ira I. Silverstein and Kimberly A. Lightford

House Sponsors
(Rep. Keith Farnham - Jack D. Franks - Linda Chapa LaVia - Fred Crespo - Carol A. Sente, Emily McAsey, Mark L. Walker, Robert F. Flider, Michael K. Smith and Michael J. Zalewski)

Last Action
DateChamber Action
  7/7/2010SenatePublic Act . . . . . . . . . 96-1012

Statutes Amended In Order of Appearance
35 ILCS 5/101from Ch. 120, par. 1-101


Synopsis As Introduced
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.

Senate Committee Amendment No. 1
Deletes reference to:
35 ILCS 5/101
Adds reference to:
35 ILCS 5/219 new

Replaces everything after the enacting clause. Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 25% of the aggregate qualified expenditures made by the taxpayer during the taxable year for the purpose of rehabilitating a building that (i) is located in an Enterprise Zone, River Edge Redevelopment Zone, or federally designated Foreign Trade Zone or Sub-Zone, (ii) is at least 20 years old, and (iii) has been unoccupied for a period of 2 consecutive years at any point during the taxable year. Provides that the credit may not exceed $50,000 per building. Provides that the taxpayer is required to provide the Zone Administrator with copies of certain records. Provides that the credit may be carried forward for a period of 5 years. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

House Committee Amendment No. 1
Deletes reference to:
35 ILCS 5/219
Adds reference to:
35 ILCS 105/3-6 new
35 ILCS 105/3-10
35 ILCS 120/2-8 new
35 ILCS 120/2-10

Replaces everything after the enacting clause. Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that, from August 6, 2010 through August 15, 2010, and each year thereafter beginning on the first Friday in August and ending on the Sunday occurring 9 days thereafter, the tax imposed under the Acts on clothing and school supplies shall be at the rate of 1.25% (instead of 6.25%). Provides that the reduction is not authorized for periods after August 16, 2013. Effective immediately.

House Floor Amendment No. 2
Adds reference to:
30 ILCS 105/6z-18from Ch. 127, par. 142z-18
30 ILCS 105/6z-20from Ch. 127, par. 142z-20
35 ILCS 105/9from Ch. 120, par. 439.9
35 ILCS 120/3from Ch. 120, par. 442

Replaces everything after the enacting clause. Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that, from August 6, 2010 through August 15, 2010 only, the tax imposed under the Acts on clothing and school supplies shall be at the rate of 1.25% (instead of 6.25%). Makes corresponding changes in the State Finance Act. Effective immediately.

Actions 
DateChamber Action
  2/11/2010SenateFiled with Secretary by Sen. Mattie Hunter
  2/11/2010SenateFirst Reading
  2/11/2010SenateReferred to Assignments
  2/24/2010SenateAssigned to Commerce
  2/26/2010SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Toi W. Hutchinson
  2/26/2010SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/2/2010SenateSenate Committee Amendment No. 1 Assignments Refers to Commerce
  3/2/2010SenateChief Sponsor Changed to Sen. Toi W. Hutchinson
  3/3/2010SenateSenate Committee Amendment No. 1 Adopted
  3/4/2010SenateDo Pass as Amended Commerce; 009-000-000
  3/4/2010SenatePlaced on Calendar Order of 2nd Reading March 9, 2010
  3/10/2010SenateSecond Reading
  3/10/2010SenatePlaced on Calendar Order of 3rd Reading March 11, 2010
  3/11/2010SenateAdded as Chief Co-Sponsor Sen. Michael Noland
  3/11/2010SenateAdded as Chief Co-Sponsor Sen. Emil Jones, III
  3/11/2010SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
  3/11/2010SenateAdded as Co-Sponsor Sen. Deanna Demuzio
  3/11/2010SenateAdded as Co-Sponsor Sen. Linda Holmes
  3/11/2010SenateAdded as Chief Co-Sponsor Sen. Kimberly A. Lightford
  3/11/2010SenateAdded as Co-Sponsor Sen. William R. Haine
  3/11/2010SenateAdded as Co-Sponsor Sen. A. J. Wilhelmi
  3/11/2010SenateAdded as Co-Sponsor Sen. John M. Sullivan
  3/11/2010SenateAdded as Co-Sponsor Sen. Heather Steans
  3/11/2010SenateAdded as Co-Sponsor Sen. Terry Link
  3/11/2010SenateAdded as Co-Sponsor Sen. Antonio Muñoz
  3/11/2010SenateAdded as Co-Sponsor Sen. Ira I. Silverstein
  3/11/2010SenateThird Reading - Passed; 055-000-000
  3/11/2010HouseArrived in House
  3/12/2010HouseChief House Sponsor Rep. Barbara Flynn Currie
  3/12/2010HousePlaced on Calendar Order of First Reading
  3/12/2010HouseFirst Reading
  3/12/2010HouseReferred to Rules Committee
  3/23/2010SenateSponsor Removed Sen. Deanna Demuzio
  3/24/2010SenateChief Co-Sponsor Changed to Sen. Toi W. Hutchinson
  4/28/2010HouseFinal Action Deadline Extended-9(b) May 7, 2010
  4/28/2010HouseAssigned to Executive Committee
  5/5/2010HouseHouse Committee Amendment No. 1 Filed with Clerk by Executive Committee
  5/5/2010HouseHouse Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote
  5/5/2010HouseDo Pass as Amended / Short Debate Executive Committee; 011-000-000
  5/5/2010HousePlaced on Calendar 2nd Reading - Short Debate
  5/5/2010HouseSecond Reading - Short Debate
  5/5/2010HouseHeld on Calendar Order of Second Reading - Short Debate
  5/5/2010HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Barbara Flynn Currie
  5/5/2010HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  5/5/2010HouseHouse Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000
  5/5/2010HouseAlternate Chief Sponsor Changed to Rep. Keith Farnham
  5/6/2010HouseAdded Alternate Chief Co-Sponsor Rep. Jack D. Franks
  5/6/2010HouseAdded Alternate Chief Co-Sponsor Rep. Linda Chapa LaVia
  5/6/2010HouseAdded Alternate Chief Co-Sponsor Rep. Fred Crespo
  5/6/2010HouseAdded Alternate Chief Co-Sponsor Rep. Carol A. Sente
  5/6/2010HouseAdded Alternate Co-Sponsor Rep. Emily McAsey
  5/6/2010HouseAdded Alternate Co-Sponsor Rep. Mark L. Walker
  5/6/2010HouseAdded Alternate Co-Sponsor Rep. Robert F. Flider
  5/6/2010HouseAdded Alternate Co-Sponsor Rep. Michael K. Smith
  5/6/2010HouseAdded Alternate Co-Sponsor Rep. Michael J. Zalewski
  5/6/2010HouseHouse Floor Amendment No. 2 Adopted by Voice Vote
  5/6/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/6/2010HouseThird Reading - Short Debate - Passed 065-051-000
  5/6/2010SenateSecretary's Desk - Concurrence House Amendment(s) 1, 2
  5/6/2010SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 7, 2010
  5/7/2010SenateChief Sponsor Changed to Sen. Deanna Demuzio
  5/7/2010SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Deanna Demuzio
  5/7/2010SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments
  5/7/2010SenateHouse Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Deanna Demuzio
  5/7/2010SenateHouse Floor Amendment No. 2 Motion to Concur Referred to Assignments
  5/7/2010SenateHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to Executive
  5/7/2010SenateHouse Floor Amendment No. 2 Motion to Concur Assignments Referred to Executive
  5/7/2010SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 009-001-002
  5/7/2010SenateHouse Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Executive; 009-001-002
  5/7/2010SenateAdded as Co-Sponsor Sen. Toi W. Hutchinson
  5/7/2010SenateSponsor Removed Sen. Toi W. Hutchinson
  5/7/2010SenateAdded as Co-Sponsor Sen. Kimberly A. Lightford
  5/7/2010SenateChief Co-Sponsor Changed to Sen. Toi W. Hutchinson
  5/27/2010SenateHouse Committee Amendment No. 1 Senate Concurs 042-008-000
  5/27/2010SenateHouse Floor Amendment No. 2 Senate Concurs 042-008-000
  5/27/2010SenatePassed Both Houses
  6/17/2010SenateSent to the Governor
  7/7/2010SenateGovernor Approved
  7/7/2010SenateEffective Date July 7, 2010
  7/7/2010SenatePublic Act . . . . . . . . . 96-1012

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