Illinois General Assembly - Bill Status for HB3745
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 Bill Status of HB3745  99th General Assembly


Short Description:  INC TX-21ST CENTURY FUND

House Sponsors
Rep. William Davis - Barbara Flynn Currie - Kelly M. Cassidy

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 787/15
35 ILCS 5/203from Ch. 120, par. 2-203
35 ILCS 5/901from Ch. 120, par. 9-901


Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an addition modification for any deduction allowed to the taxpayer under Sections 243 through 246A of the Internal Revenue Code (for certain qualifying dividends paid to corporations). Provides that the additional revenue attributable to that change shall be deposited into the 21st Century Workforce Development Fund. Amends the 21st Century Workforce Development Fund Act. Provides that the 21st Century Workforce Development Fund is not subject to sweeps, administrative charges or chargebacks, or other fiscal or budgetary maneuvers. Effective immediately.

Actions 
DateChamber Action
  2/26/2015HouseFiled with the Clerk by Rep. William Davis
  2/27/2015HouseFirst Reading
  2/27/2015HouseReferred to Rules Committee
  3/12/2015HouseAssigned to Revenue & Finance Committee
  3/13/2015HouseTo Income Tax Subcommittee
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  4/16/2015HouseAdded Chief Co-Sponsor Rep. Barbara Flynn Currie
  4/23/2015HouseAdded Chief Co-Sponsor Rep. Kelly M. Cassidy
  1/10/2017HouseSession Sine Die

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