Sue Scherer
- Democratic
- Representative
- District 96
Amends the Illinois Income Tax Act. Provides that the Department of Revenue, with the assistance of the Department of Commerce and Economic Opportunity, shall examine the investment credit and the research and development credit to determine the impact that each of these credits has on the creation and retention of jobs, and report its findings to the Governor and the General Assembly on or before December 1, 2019. Provides that the Department of Revenue, with the assistance of the Department of Commerce and Economic Opportunity, shall examine each credit against a tax imposed under the Illinois Income Tax Act on and after the effective date of this amendatory Act to determine the impact that each credit has on the creation and retention of jobs, including, but not limited to, any stated job creation goals, and report its findings for each credit to the Governor and the General Assembly on or before 3 years after the effective date of the credit in question, and on or before every 3 years thereafter. Effective immediately.
Session Sine Die
House Committee Amendment No. 1 Fiscal Note Filed as Amended
Rule 19(a) / Re-referred to Rules Committee
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate
House Committee Amendment No. 1 Fiscal Note Requested as Amended by Rep. Tom Demmer
House Committee Amendment No. 1 Rules Refers to Business Growth & Incentives Committee
Added Co-Sponsor Rep. Jerry Costello, II
Placed on Calendar 2nd Reading - Short Debate
Do Pass as Amended / Short Debate Business Growth & Incentives Committee; 003-002-000
House Committee Amendment No. 1 Adopted in Business Growth & Incentives Committee; by Voice Vote
House Committee Amendment No. 1 Referred to Rules Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Sue Scherer
Added Co-Sponsor Rep. Carol Sente
Added Co-Sponsor Rep. Stephanie A. Kifowit
Added Co-Sponsor Rep. Linda Chapa LaVia
Added Chief Co-Sponsor Rep. Jaime M. Andrade, Jr.
Added Chief Co-Sponsor Rep. Christine Winger
Added Chief Co-Sponsor Rep. Steven A. Andersson
Added Chief Co-Sponsor Rep. La Shawn K. Ford
Assigned to Business Growth & Incentives Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Sue Scherer
Bill Text Versions | Format |
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Introduced | HTML |
Document | Format |
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House Amendment 001 |
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