Illinois General Assembly - Bill Status for SB0157
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 Bill Status of SB0157  98th General Assembly


Short Description:  INC TAX-RIVER EDGE CREDIT

Senate Sponsors
Sen. Linda Holmes - David Koehler - Steve Stadelman - Cristina Castro - Christopher Belt and Elgie R. Sims, Jr.

House Sponsors
(Rep. Jehan Gordon-Booth, Maurice A. West, II, Stephanie A. Kifowit, Maura Hirschauer, Dave Vella, Barbara Hernandez, Joe Sosnowski, Keith R. Wheeler, Suzanne Ness, Anna Moeller and Tony McCombie)

Last Action
DateChamber Action
  6/2/2021HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/221


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that the credit for expenditures incurred in the restoration and preservation of a qualified historic structure located in a River Edge Redevelopment Zone applies for taxable years ending prior to January 1, 2027 (currently January 1, 2022). Effective immediately.

Actions 
DateChamber Action
  2/9/2021SenateFiled with Secretary by Sen. Linda Holmes
  2/9/2021SenateFirst Reading
  2/9/2021SenateReferred to Assignments
  2/11/2021SenateAdded as Chief Co-Sponsor Sen. David Koehler
  2/11/2021SenateAdded as Chief Co-Sponsor Sen. Steve Stadelman
  2/17/2021SenateAssigned to Revenue
  2/25/2021SenateAdded as Chief Co-Sponsor Sen. Cristina Castro
  3/2/2021SenateAdded as Chief Co-Sponsor Sen. Christopher Belt
  3/5/2021SenatePostponed - Revenue
  3/19/2021SenateDo Pass Revenue; 009-000-000
  3/19/2021SenatePlaced on Calendar Order of 2nd Reading March 23, 2021
  4/13/2021SenateSecond Reading
  4/13/2021SenatePlaced on Calendar Order of 3rd Reading ** April 14, 2021
  4/20/2021SenateAdded as Co-Sponsor Sen. Elgie R. Sims, Jr.
  4/21/2021SenateThird Reading - Passed; 056-000-000
  4/22/2021HouseArrived in House
  4/22/2021HouseChief House Sponsor Rep. Jehan Gordon-Booth
  4/23/2021HouseFirst Reading
  4/23/2021HouseReferred to Rules Committee
  4/23/2021HouseAdded Alternate Co-Sponsor Rep. Maurice A. West, II
  4/23/2021HouseAdded Alternate Co-Sponsor Rep. Stephanie A. Kifowit
  4/23/2021HouseAdded Alternate Co-Sponsor Rep. Maura Hirschauer
  4/23/2021HouseAdded Alternate Co-Sponsor Rep. Dave Vella
  4/23/2021HouseAdded Alternate Co-Sponsor Rep. Barbara Hernandez
  4/23/2021HouseAdded Alternate Co-Sponsor Rep. Joe Sosnowski
  4/23/2021HouseAdded Alternate Co-Sponsor Rep. Keith R. Wheeler
  4/23/2021HouseAdded Alternate Co-Sponsor Rep. Suzanne Ness
  4/23/2021HouseAdded Alternate Co-Sponsor Rep. Anna Moeller
  4/23/2021HouseAdded Alternate Co-Sponsor Rep. Tony McCombie
  4/28/2021HouseAssigned to Revenue & Finance Committee
  5/13/2021HouseDo Pass / Short Debate Revenue & Finance Committee; 018-000-000
  5/13/2021HousePlaced on Calendar 2nd Reading - Short Debate
  5/18/2021HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Jehan Gordon-Booth
  5/18/2021HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  5/19/2021HouseHouse Floor Amendment No. 1 Rules Refers to Revenue & Finance Committee
  5/20/2021HouseHouse Floor Amendment No. 1 Recommends Be Adopted Revenue & Finance Committee; 017-000-000
  5/26/2021HouseSecond Reading - Short Debate
  5/26/2021HouseHeld on Calendar Order of Second Reading - Short Debate
  5/28/2021HouseFinal Action Deadline Extended-9(b) May 31, 2021
  6/2/2021HouseHouse Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  6/2/2021HouseRule 19(a) / Re-referred to Rules Committee

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