PETERSON-RONEN-HENDON-OBAMA-SILVERSTEIN, JACOBS AND RADOGNO. (TURNER,ART-CURRIE-ERWIN-YARBROUGH-YOUNGE) 35 ILCS 5/214 new 310 ILCS 10/8.24 new Amends the Illinois Income Tax Act and the Housing Authorities Act. Allows taxpayers making donations to certain affordable housing projects to take a tax credit for those donations. Allows the credit to be carried forward. Allows the Illinois Housing Development Authority to reserve a specific amount of tax credits for approved affordable housing projects. Requires the Illinois Housing Development Authority to set eligibility criteria for the credits. Limits the amount of credits that may be used for employer-assisted housing projects. Contains other provisions. Effective immediately. SENATE AMENDMENT NO. 1. Deletes reference to: 310 ILCS 10/8.24 new Adds reference to: 20 ILCS 3805/7.28 new Deletes everything after the enacting clause. Reinserts the bill as introduced but removes the provisions amending the Housing Authorities Act and adds those amendatory provisions to the Illinois Housing Development Act instead. Provides that the Illinois Housing Development Authority may administer and adopt rules for an affordable housing tax donation credit program to provide tax credits for donations to sponsors of affordable housing projects. Changes the term "housing authority" to "administrative housing agency" and provides that, in addition to the Illinois Housing Development Authority, this term means an agency of the City of Chicago rather than the Department of Housing of the City of Chicago. Effective immediately. HOUSE AMENDMENT NO. 1. (House recedes May 30, 2001) Deletes reference to: 20 ILCS 3805/7.28 new Deletes everything after the enacting clause. Amends the Illinois Income Tax Act. Adds a provision, containing a caption only, concerning tax credits for affordable housing donations. FEB-22-2001 S FIRST READING FEB-22-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-28-2001 S ASSIGNED TO COMMITTEE REVENUE MAR-08-2001 S ADDED AS A CHIEF CO-SPONSOR RONEN MAR-08-2001 S ADDED AS A CO-SPONSOR DEL VALLE MAR-20-2001 S ADDED AS A CO-SPONSOR JACOBS MAR-21-2001 S ADDED AS A CHIEF CO-SPONSOR HENDON MAR-21-2001 S AMENDMENT NO. 01-REVENUE S MAR-21-2001 S ADOPTED MAR-22-2001 S DO PASS AS AMENDED 008-001-000 SREV MAR-22-2001 S PLACED ON CALENDAR ORDER OF 2ND READING 01-033-27 MAR-27-2001 S SECOND READING MAR-27-2001 S PLACED ON CALENDAR ORDER OF 3RD READING 01-03-28 MAR-28-2001 S ADDED AS A CHIEF CO-SPONSOR OBAMA MAR-29-2001 S ADDED AS A CHIEF CO-SPONSOR SILVERSTEIN MAR-29-2001 S THIRD READING - PASSED 052-003-000 MAR-29-2001 H ARRIVE IN HOUSE MAR-29-2001 H HOUSE SPONSOR TURNER,ART MAR-29-2001 H FIRST READING MAR-29-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES MAR-29-2001 S ADDED AS A CO-SPONSOR RADOGNO APR-03-2001 H ASSIGNED TO COMMITTEE REVENUE APR-05-2001 H ADDED AS A JOINT SPONSOR CURRIE APR-05-2001 H ADDED AS A JOINT SPONSOR ERWIN APR-25-2001 H ADDED AS A JOINT SPONSOR YARBROUGH APR-25-2001 H ADDED AS A JOINT SPONSOR YOUNGE APR-26-2001 H AMENDMENT NO. 01-REVENUE H APR-26-2001 H ADOPTED SUB APR-26-2001 H REMAINS IN COMMITTEE REVENUE MAY-03-2001 H DO PASS AMENDED/SHORT DEBATE 011-000-000 HREV MAY-03-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAY-09-2001 H SECOND READING-SHORT DEBATE MAY-09-2001 H PLCD CAL ORDER 3RD READING-SHORT DEBATE MAY-10-2001 H ADDED AS AN ALTERNATE CO-SPONSOR MOORE MAY-10-2001 H ADDED AS AN ALTERNATE CO-SPONSOR JONES,LOU MAY-10-2001 H THIRD READING/SHORT DEBATE/PASSED 113-001-000 MAY-10-2001 S SECRETARYS DESK - CONCURRENCE 01 MAY-16-2001 S FILED WITH SECRETARY MAY-16-2001 S MOTION NON-CONCUR - HOUSE AMENDMENT NO 01-PETERSON MAY-23-2001 S SEN NON-CONCURS IN HSE AMENDMENTS (NO.) 01 MAY-23-2001 H ARRIVE IN HOUSE MAY-23-2001 H PLACED CALENDAR ORDER NON-CONCURRENCE 01 MAY-30-2001 H MOTION TO RECEDE - HOUSE AMENDMENT NO 01/TURNER,ART MAY-30-2001 H MOTION REFERRED TO HRUL MAY-30-2001 H RECOMMENDS BE ADOPTED HRUL/003-001-000 MAY-30-2001 H HSE RECEDES FROM AMENDMENT (NO.) 01/117-000-000 MAY-30-2001 S PASSED BOTH HOUSES JUN-28-2001 S SENT TO THE GOVERNOR AUG-23-2001 S GOVERNOR APPROVED AUG-23-2001 S EFFECTIVE DATE 01-08-23 AUG-23-2001 S PUBLIC ACT.............................. 92-0491 END OF INQUIRY Full Text Bill Summary