Michael J. Zalewski
- Democratic
Primary
Creates the Endow Illinois Tax Credit Act. Creates an income tax credit for taxpayers who provide an endowment gift to a permanent endowment fund. Provides that the amount of the credit is an amount equal to 50% of the endowment gift. Sets forth the aggregate amount of the credit. Provides that the Department of Revenue shall administer the credit. Provides that the Department of Revenue shall submit an annual report to the Governor and the General Assembly concerning the activities conducted under the Act during the previous calendar year. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.
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Session Sine Die
Added Co-Sponsor Rep. William Davis
Added Co-Sponsor Rep. Elizabeth Hernandez
Added Co-Sponsor Rep. Margaret Croke
Added Co-Sponsor Rep. La Shawn K. Ford
Added Co-Sponsor Rep. Camille Y. Lilly
Added Co-Sponsor Rep. LaToya Greenwood
Added Co-Sponsor Rep. Jackie Haas
Added Co-Sponsor Rep. Jehan Gordon-Booth
Referred to Rules Committee
First Reading
Added Co-Sponsor Rep. Thomas M. Bennett
Added Co-Sponsor Rep. Denyse Wang Stoneback
Added Co-Sponsor Rep. Michael Halpin
Added Chief Co-Sponsor Rep. Norine K. Hammond
Added Co-Sponsor Rep. Joe Sosnowski
Filed with the Clerk by Rep. Michael J. Zalewski
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