Margaret Croke
- Democratic
- Representative
- District 12
Primary
Creates the Endow Illinois Tax Credit Act. Provides that the Department of Revenue shall award income tax credits to taxpayers who provide an endowment gift to a permanent endowment fund during the taxable year and receive a certificate of receipt for that gift. Provides that the credit is equal to 25% of the endowment gift. Contains provisions setting forth maximum credit amounts. Amends the Illinois Income Tax Act to require an addition modification equal to the amount of any federal deduction claimed for an endowment gift for which a taxpayer receives a credit under the Endow Illinois Tax Credit Act. Makes conforming changes. Effective immediately.
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Added Co-Sponsor Rep. Sharon Chung
Added Co-Sponsor Rep. Jay Hoffman
Rule 19(a) / Re-referred to Rules Committee
House Committee Amendment No. 2 Rule 19(c) / Re-referred to Rules Committee
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
House Committee Amendment No. 1 To Revenue - Tax Credit and Incentives Subcommittee
House Committee Amendment No. 2 To Revenue - Tax Credit and Incentives Subcommittee
To Revenue - Tax Credit and Incentives Subcommittee
House Committee Amendment No. 2 Rules Refers to Revenue & Finance Committee
Added Co-Sponsor Rep. Harry Benton
House Committee Amendment No. 2 Filed with Clerk by Rep. Margaret Croke
House Committee Amendment No. 2 Referred to Rules Committee
Assigned to Revenue & Finance Committee
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
Added Co-Sponsor Rep. Anna Moeller
Added Co-Sponsor Rep. Dave Vella
Added Co-Sponsor Rep. Dagmara Avelar
Added Co-Sponsor Rep. Katie Stuart
Removed Co-Sponsor Rep. Lilian Jiménez
Added Co-Sponsor Rep. Matt Hanson
Added Co-Sponsor Rep. Aarón M. Ortíz
Added Co-Sponsor Rep. Diane Blair-Sherlock
Added Chief Co-Sponsor Rep. Natalie A. Manley
Added Co-Sponsor Rep. Angelica Guerrero-Cuellar
Added Co-Sponsor Rep. Kevin John Olickal
Added Co-Sponsor Rep. William E Hauter
Added Co-Sponsor Rep. Nabeela Syed
Added Co-Sponsor Rep. Lilian Jiménez
Added Co-Sponsor Rep. La Shawn K. Ford
Added Co-Sponsor Rep. Mary E. Flowers
Added Co-Sponsor Rep. Bob Morgan
Added Co-Sponsor Rep. Joyce Mason
Added Co-Sponsor Rep. Gregg Johnson
Added Co-Sponsor Rep. Edgar González, Jr.
Added Co-Sponsor Rep. Dave Severin
Added Chief Co-Sponsor Rep. Ryan Spain
Rule 19(a) / Re-referred to Rules Committee
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Margaret Croke
House Committee Amendment No. 1 Referred to Rules Committee
Added Co-Sponsor Rep. Travis Weaver
Added Chief Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
To Revenue - Tax Credit and Incentives Subcommittee
Added Co-Sponsor Rep. Maurice A. West, II
Added Co-Sponsor Rep. Dan Swanson
Added Co-Sponsor Rep. Robert "Bob" Rita
Assigned to Revenue & Finance Committee
First Reading
Referred to Rules Committee
Added Co-Sponsor Rep. Joe C. Sosnowski
Added Chief Co-Sponsor Rep. Norine K. Hammond
Added Co-Sponsor Rep. William "Will" Davis
Filed with the Clerk by Rep. Margaret Croke
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML PDF |
| House Amendment 001 | HTML PDF |
| House Amendment 002 | HTML PDF |
| Document | Format |
|---|---|
| No related documents. |
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