Illinois General Assembly - Bill Status for SB0489
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 Bill Status of SB0489  96th General Assembly


Senate Sponsors
Sen. Michael Noland - Kwame Raoul and Kirk W. Dillard

House Sponsors
(Rep. Keith Farnham)

Last Action
DateChamber Action
  1/12/2011SenateSession Sine Die

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 Floor 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 for taxpayers who make an investment in a qualified venture capital fund in Illinois. Sets forth the amount of the credit. Provides that the credit applies in taxable years 2010 through 2014. Effective immediately.

DateChamber Action
  2/6/2009SenateFiled with Secretary by Sen. John J. Cullerton
  2/6/2009SenateFirst Reading
  2/6/2009SenateReferred to Assignments
  3/5/2009SenateAssigned to Executive
  3/12/2009SenateDo Pass Executive; 012-000-000
  3/12/2009SenatePlaced on Calendar Order of 2nd Reading March 17, 2009
  4/3/2009SenateRule 2-10 Third Reading Deadline Established As April 30, 2009
  4/23/2009SenateSecond Reading
  4/23/2009SenatePlaced on Calendar Order of 3rd Reading April 28, 2009
  8/15/2009SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  3/15/2010SenateApproved for Consideration Assignments
  3/15/2010SenatePlaced on Calendar Order of 3rd Reading March 16, 2010
  3/15/2010SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Michael Noland
  3/15/2010SenateSenate Floor Amendment No. 1 Referred to Assignments
  3/16/2010SenateSenate Floor Amendment No. 1 Assignments Refers to Commerce
  3/17/2010SenateSenate Floor Amendment No. 1 Recommend Do Adopt Commerce; 007-002-000
  3/17/2010SenateChief Sponsor Changed to Sen. Michael Noland
  3/18/2010SenateAdded as Chief Co-Sponsor Sen. Kwame Raoul
  3/18/2010SenateRecalled to Second Reading
  3/18/2010SenateSenate Floor Amendment No. 1 Adopted; Noland
  3/18/2010SenatePlaced on Calendar Order of 3rd Reading
  3/18/2010SenateAdded as Co-Sponsor Sen. Kirk W. Dillard
  3/18/2010SenateThird Reading - Passed; 057-000-000
  3/18/2010HouseArrived in House
  3/23/2010HouseChief House Sponsor Rep. Keith Farnham
  3/23/2010HousePlaced on Calendar Order of First Reading
  3/23/2010HouseFirst Reading
  3/23/2010HouseReferred to Rules Committee
  1/12/2011SenateSession Sine Die

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