Illinois General Assembly - Bill Status for HB0863
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 Bill Status of HB0863  103rd General Assembly

Short Description:  INCOME TAX-TECH

House Sponsors
Rep. Michael J. Madigan - Barbara Flynn Currie - Robert S. Molaro

Senate Sponsors
(Sen. Terry Link)

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/212


Synopsis As Introduced
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the earned income tax credit.

Senate Floor Amendment No. 2
Deletes reference to:
35 ILCS 5/212
Adds reference to:
35 ILCS 5/203from Ch. 120, par. 2-203

Deletes everything after the enacting clause. Amends the bonus depreciation deduction provisions in the Illinois Income Tax Act. Provides that the current provisions that de-couple the amount of the deduction allowed by Illinois from the amount allowed for federal income tax purposes apply to taxable years ending prior to December 31, 2003. Provides a new method of calculating the depreciation deduction incorporating provisions that de-couple the amount of the deduction for the expense of certain depreciable business assets allowed for Illinois income tax purposes from the amount allowed for federal income tax purposes. Effective immediately.

Actions 
DateChamber Action
  1/31/2003HouseFiled with the Clerk by Rep. Michael J. Madigan
  1/31/2003HouseChief Co-Sponsor Rep. Barbara Flynn Currie
  1/31/2003HouseChief Co-Sponsor Rep. Robert S. Molaro
  1/31/2003HouseFirst Reading
  1/31/2003HouseReferred to Rules Committee
  2/4/2003HouseAssigned to Executive Committee
  3/12/2003HouseDo Pass / Short Debate Executive Committee; 010-000-000
  3/12/2003HousePlaced on Calendar 2nd Reading - Short Debate **
  3/31/2003HouseSecond Reading - Short Debate
  3/31/2003HouseHeld on Calendar Order of Second Reading - Short Debate **
  4/2/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate **
  4/3/2003HouseThird Reading - Short Debate - Passed 069-044-004
  4/8/2003SenateArrive in Senate
  4/8/2003SenatePlaced on Calendar Order of First Reading April 9, 2003
  4/8/2003SenateChief Senate Sponsor Sen. Emil Jones, Jr.
  4/8/2003SenateFirst Reading
  4/8/2003SenateReferred to Rules
  4/16/2003SenateAssigned to Executive
  5/1/2003SenateDo Pass Executive; 007-004-000
  5/1/2003SenatePlaced on Calendar Order of 2nd Reading May 6, 2003
  5/6/2003SenateSecond Reading
  5/6/2003SenatePlaced on Calendar Order of 3rd Reading May 7, 2003
  5/16/2003SenateThird Reading Deadline Extended - Rule 2-10, to December 31, 2003.
  7/1/2003SenatePursuant to Senate Rule 3-9(b) / Referred to Rules
  11/18/2003SenateApproved for Consideration Rules
  11/18/2003SenatePlaced on Calendar Order of 3rd Reading November 19, 2003
  11/18/2003SenateAlternate Chief Sponsor Changed to Sen. Terry Link
  11/18/2003SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Terry Link
  11/18/2003SenateSenate Floor Amendment No. 1 Referred to Rules
  11/18/2003SenateSenate Floor Amendment No. 1 Rules Refers to Revenue
  11/19/2003SenateSenate Floor Amendment No. 1 Postponed - Revenue
  11/19/2003SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Terry Link
  11/19/2003SenateSenate Floor Amendment No. 2 Referred to Rules
  11/20/2003SenateSenate Floor Amendment No. 2 Rules Refers to Revenue
  11/20/2003SenateSenate Floor Amendment No. 2 Be Adopted Revenue; 006-004-000
  11/20/2003SenateRecalled to Second Reading
  11/20/2003SenateSenate Floor Amendment No. 2 Adopted; Link
  11/20/2003SenatePlaced on Calendar Order of 3rd Reading November 20, 2003
  11/20/2003SenateThird Reading - Consideration Postponed
  11/20/2003SenatePlaced on Calendar - Consideration Postponed November 21, 2003
  11/20/2003SenateSenate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
  12/22/2003SenatePursuant to Senate Rule 3-9(b) / Referred to Rules
  5/13/2004SenateThird Reading Deadline Extended - Rule 2-10, extended to January 11, 2005.
  5/17/2004SenateApproved for Consideration Rules
  5/17/2004SenatePlaced on Calendar Order of 3rd Reading May 18, 2004
  8/24/2004SenatePursuant to Senate Rule 3-9(b) / Referred to Rules
  1/11/2005HouseSession Sine Die

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