Illinois General Assembly - Bill Status for HB3682

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Bill Status of HB3682 96th General Assembly

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Short Description: INC TAX CREDIT ID THEFT

House Sponsors
Rep. Emily McAsey - Jack D. Franks - Keith Farnham, Jehan A. Gordon, Deborah Mell and Michael J. Zalewski

Senate Sponsors
(Sen. Susan Garrett)

Last Action

Date	Chamber	Action
1/11/2011	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/218 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Authorizes a credit to taxpayers for an amount equal to 20% of the amount of expenditures by the taxpayer for equipment placed in service during the taxable year for the purpose of preventing identity theft, but not to exceed $100 per article of equipment. Provides that the credit may not reduce the taxpayer's liability to less than zero and may not be carried back, but may be carried forward and applied to the tax liability of the 2 taxable years following the excess credit year. Exempt from the Act's sunset provisions. Effective immediately.

House Committee Amendment No. 1

	Deletes reference to:
	35 ILCS 5/218 new

	Adds reference to:
	35 ILCS 5/203	from Ch. 120, par. 2-203

Replaces everything after the enacting clause. Creates a deduction (instead of a credit) for individual taxpayers in an amount equal to 10% (instead of 20%) of the amount of expenditures by the taxpayer for equipment and computer software placed in service during the taxable year for the purpose of preventing identity theft, but not to exceed $100 per article of equipment or software. Effective immediately.

	Fiscal Note, House Committee Amendment No. 1 (Dept. of Revenue)
	HB 3682 (H-AM 1) is expected to have a maximum fiscal impact on State revenues of approximately $600,000. This is based on 400,000 Illinois residents (the estimated number of Illinois residents subject to identity theft on an annual basis) spending an average of $500 on identity theft protection.

Actions

Date	Chamber	Action
2/24/2009	House	Filed with the Clerk by Rep. Emily McAsey
2/24/2009	House	First Reading
2/24/2009	House	Referred to Rules Committee
3/3/2009	House	Assigned to Revenue & Finance Committee
3/12/2009	House	Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-000-000
3/12/2009	House	Remains in Revenue & Finance Committee
3/12/2009	House	House Committee Amendment No. 1 Filed with Clerk by Revenue & Finance Committee
3/12/2009	House	House Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
3/12/2009	House	Do Pass as Amended / Short Debate Revenue & Finance Committee; 013-000-000
3/12/2009	House	Placed on Calendar 2nd Reading - Short Debate
3/12/2009	House	Added Co-Sponsor Rep. Jehan A. Gordon
3/12/2009	House	Added Co-Sponsor Rep. Deborah Mell
3/12/2009	House	Added Co-Sponsor Rep. Michael J. Zalewski
3/19/2009	House	Second Reading - Short Debate
3/19/2009	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/20/2009	House	House Committee Amendment No. 1 Fiscal Note Filed as Amended
3/31/2009	House	Added Chief Co-Sponsor Rep. Jack D. Franks
3/31/2009	House	Added Chief Co-Sponsor Rep. Keith Farnham
4/1/2009	House	Third Reading - Short Debate - Passed 113-003-000
4/2/2009	Senate	Arrive in Senate
4/2/2009	Senate	Placed on Calendar Order of First Reading April 21, 2009
4/13/2009	Senate	Chief Senate Sponsor Sen. Susan Garrett
4/15/2009	Senate	First Reading
4/15/2009	Senate	Referred to Assignments
4/22/2009	Senate	Assigned to Revenue
4/30/2009	Senate	To Revenue Subcommittee on Special Issues
5/8/2009	Senate	Rule 3-9(a) / Re-referred to Assignments
1/11/2011	House	Session Sine Die

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