MCCARTHY-WOJCIK-CAPPARELLI-ACEVEDO-COWLISHAW, MADIGAN,MJ, BUGIELSKI, BROSNAHAN, BIGGINS, BELLOCK, LYONS,JOSEPH, GRANBERG, BRADLEY, HULTGREN AND FLOWERS. (CRONIN-DELEO-KARPIEL-DUDYCZ) 35 ILCS 5/201 from Ch. 120, par. 2-201 Amends the Illinois Income Tax Act. Provides that beginning with tax years ending after December 31, 1998, a taxpayer who is the custodian of one or more qualified pupils shall be allowed an income tax credit equal to 25% of qualified education expenses. Provides that the credit may not exceed $500. Provides that any credit in excess of the tax liability shall be refunded to the taxpayer. Provides that the pupils must be (i) residents of Illinois, (ii) under 21 years of age at the close of the school year for which the credit is sought, and (iii) enrolled in a kindergarten through twelfth grade education program at any public or nonpublic elementary or secondary school that meets certain standards. Provides that qualified education expenses are costs in excess of $250 incurred on behalf of the pupil for tuition, book fees, and lab fees. Provides that the credit is available to the parent, parents, or legal guardian of the pupil. Exempts the credit from the sunset provisions. JUDICIAL NOTE (Administrative Office of Ill. Courts) There would be no increase or decrease in the number of judges needed. BALANCED BUDGET NOTE (Bureau of the Budget) The bill is not a supplemental appropriation; the Balanced Budget Note Act is inapplicable. STATE MANDATES NOTE (Dept. of Commerce and Community Affairs) Does not create a State mandate. FISCAL NOTE (Department of Revenue) HB999 would have an estimated fiscal impact of $50 million to $75 million. HOUSE AMENDMENT NO. 7. Provides that the tax credit is effective beginning with tax years ending on or after December 31, 2000 (now after December 31, 1998). Deletes the provision refunding an excess credit to the taxpayer. Provides that the credit may not reduce a taxpayer's liability to less than zero. HOUSE AMENDMENT NO. 8. Adds reference to: New Act Creates the Fund Education First Act. Beginning with fiscal year 2000, and in each fiscal year thereafter, provides that until the sum of State and federal spending for elementary and secondary education for the fiscal year represents 50% of the total revenues that the State Superintendent of Education estimates are available from local, State, and federal sources for elementary and secondary education for that fiscal year, the amount appropriated by the General Assembly from general funds for educational programs for that fiscal year shall be at least equal to the sum of (1) 51% of total new general funds available for spending from certain sources during that fiscal year, excluding certain State contributions to teachers' and universities' retirement funds, plus (2) the total amount appropriated from general funds for educational programs during the preceding fiscal year. Requires the Governor, beginning with fiscal year 2001, to include in his annual budget an allocation for education that conforms to the provisions of the Fund Education First Act. Effective immediately. 99-02-11 H FILED WITH CLERK 99-02-11 H CHIEF SPONSOR MCCARTHY 99-02-11 H ADDED AS A JOINT SPONSOR MADIGAN,MJ 99-02-11 H ADDED AS A JOINT SPONSOR CAPPARELLI 99-02-11 H ADDED AS A JOINT SPONSOR WOJCIK 99-02-11 H FIRST READING 99-02-11 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-19 H ASSIGNED TO COMMITTEE EXECUTIVE 99-02-24 H JOINT-SPONSOR CHANGED TO COWLISHAW 99-02-24 H ADDED AS A CO-SPONSOR DURKIN 99-02-24 H ADDED AS A CO-SPONSOR BUGIELSKI 99-02-24 H ADDED AS A CO-SPONSOR BROSNAHAN 99-02-24 H ADDED AS A CO-SPONSOR BIGGINS 99-02-24 H ADDED AS A CO-SPONSOR BELLOCK 99-02-25 H FISCAL NOTE REQUESTED POE 99-02-25 H STATE MANDATES FISCAL NOTE REQUESTED POE 99-02-25 H JUDICIAL NOTE REQUESTED POE 99-02-25 H BALANCED BUDGET NOTE REQUESTED POE 99-02-25 H HOME RULE NOTE REQUESTED POE 99-02-25 H DO PASS/SHORT DEBATE 013-002-000 HEXC 99-02-25 H PLACED CALENDAR 2ND READING-SHORT DEBATE 99-02-25 H ADDED AS A CO-SPONSOR ACEVEDO 99-02-26 H FISCAL NOTE REQUESTED WOOLARD/M. SMITH 99-02-26 H STATE MANDATES FISCAL NOTE REQUESTED WOOLARD/M. SMITH 99-02-26 H BALANCED BUDGET NOTE REQUESTED WOOLARD/M. SMITH 99-02-26 H CALENDAR ORDER 2ND READING-SHORT DEBATE 99-03-02 H JUDICIAL NOTE FILED 99-03-02 H AMENDMENT NO. 01-BEAUBIEN 99-03-02 H AMENDMENT REFERRED TO HRUL 99-03-02 H AMENDMENT NO. 02-JONES,LOU 99-03-02 H AMENDMENT REFERRED TO HRUL 99-03-02 H AMENDMENT NO. 03-MITCHELL,JERRY 99-03-02 H AMENDMENT REFERRED TO HRUL 99-03-02 H AMENDMENT NO. 04-TURNER,ART 99-03-02 H AMENDMENT REFERRED TO HRUL 99-03-02 H AMENDMENT NO. 05-PERSICO 99-03-02 H AMENDMENT REFERRED TO HRUL 99-03-02 H FISCAL NOTE REQUEST-WITHDRAWN POE 99-03-02 H STATE MANDATES FISCAL NOTE REQST-WITHDRN POE 99-03-02 H BALANCED BUDGET NOTE REQUEST-WITHDRAWN POE 99-03-02 H HOME RULE NOTE REQUEST-WITHDRAWN POE 99-03-02 H JUDICIAL NOTE REQUEST-WITHDRAWN POE 99-03-02 H BALANCED BUDGET NOTE FILED 99-03-02 H CALENDAR ORDER 2ND READING-SHORT DEBATE 99-03-03 H JOINT-SPONSOR CHANGED TO ACEVEDO 99-03-03 H ADDED AS A CO-SPONSOR WOJCIK 99-03-03 H AMENDMENT NO. 06-MCCARTHY 99-03-03 H AMENDMENT REFERRED TO HRUL 99-03-03 H CALENDAR ORDER 2ND READING-SHORT DEBATE 99-03-04 H ADDED AS A CO-SPONSOR LYONS,JOSEPH 99-03-05 H AMENDMENT NO. 07-MCCARTHY 99-03-05 H AMENDMENT REFERRED TO HRUL 99-03-05 H CALENDAR ORDER 2ND READING-SHORT DEBATE 99-03-09 H STATE MANDATES FISCAL NOTE FILED 99-03-09 H CALENDAR ORDER 2ND READING-SHORT DEBATE 99-03-09 H ADDED AS A CO-SPONSOR ZICKUS 99-03-10 H ADDED AS A CO-SPONSOR GRANBERG 99-03-11 H FISCAL NOTE FILED 99-03-11 H AMENDMENT NO. 06-MCCARTHY 99-03-11 H RECOMMENDS BE ADOPTED HRUL/005-000-000 99-03-11 H AMENDMENT NO. 07-MCCARTHY 99-03-11 H RECOMMENDS BE ADOPTED HRUL/005-000-000 99-03-11 H CALENDAR ORDER 2ND READING-SHORT DEBATE 99-03-16 H SECOND READING-SHORT DEBATE 99-03-16 H AMENDMENT NO. 06-MCCARTHY 99-03-16 H WITHDRAWN 99-03-16 H AMENDMENT NO. 07-MCCARTHY 99-03-16 H ADOPTED 064-042-006 99-03-16 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 99-03-16 H ADDED AS A CO-SPONSOR BRADLEY 99-03-17 H ADDED AS A JOINT SPONSOR WOJCIK 99-03-17 H ADDED AS A CO-SPONSOR MADIGAN,MJ 99-03-18 H RECALLED TO SECOND READING-SHORT DEBATE 99-03-18 H AMENDMENT NO. 08-DANIELS 99-03-18 H AMENDMENT REFERRED TO HRUL 99-03-18 H RECOMMENDS BE ADOPTED HRUL 99-03-18 H ADDED AS A CO-SPONSOR HULTGREN 99-03-18 H ADDED AS A CO-SPONSOR FLOWERS 99-03-18 H AMENDMENT NO. 08-DANIELS 99-03-18 H ADOPTED 99-03-18 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 99-03-18 H TABLED PURSUANT TO RULE 40(a) HSE AMND 1,2,3,4,5 99-03-18 H VERIFIED 99-03-18 H THIRD READING/SHORT DEBATE/PASSED 074-041-001 99-03-19 S ARRIVE IN SENATE 99-03-19 S CHIEF SPONSOR CRONIN 99-03-19 S PLACED CALENDAR ORDER OF FIRST READING 99-03-22 99-03-19 S FIRST READING 99-03-19 S REFERRED TO SENATE RULES COMMITTEE RULES 99-03-22 S ADDED AS A CHIEF CO-SPONSOR DELEO 99-03-23 S ADDED AS A CHIEF CO-SPONSOR KARPIEL 99-03-23 S ADDED AS A CHIEF CO-SPONSOR DUDYCZ 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary