Sara Feigenholtz
- Democratic
- Senator
- District 6
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 as Co-Sponsor Sen. Natalie Toro
Added as Co-Sponsor Sen. Neil Anderson
Added as Co-Sponsor Sen. Karina Villa
Added as Co-Sponsor Sen. Lakesia Collins
Added as Co-Sponsor Sen. Paul Faraci
Added as Co-Sponsor Sen. Bill Cunningham
Added as Co-Sponsor Sen. Win Stoller
Rule 3-9(a) / Re-referred to Assignments
Senate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments
Added as Co-Sponsor Sen. Meg Loughran Cappel
Added as Co-Sponsor Sen. Adriane Johnson
Senate Committee Amendment No. 2 Assignments Refers to Revenue
Added as Co-Sponsor Sen. Mary Edly-Allen
Senate Committee Amendment No. 2 Referred to Assignments
Senate Committee Amendment No. 2 Filed with Secretary by Sen. Sara Feigenholtz
Re-assigned to Revenue
Added as Co-Sponsor Sen. Willie Preston
Added as Co-Sponsor Sen. Laura Fine
Added as Co-Sponsor Sen. Donald P. DeWitte
Added as Co-Sponsor Sen. Terri Bryant
Added as Co-Sponsor Sen. Javier L. Cervantes
Added as Co-Sponsor Sen. Robert Peters
Added as Co-Sponsor Sen. Andrew S. Chesney
Added as Co-Sponsor Sen. Linda Holmes
Added as Co-Sponsor Sen. Ram Villivalam
Added as Co-Sponsor Sen. Mattie Hunter
Added as Co-Sponsor Sen. Tom Bennett
Added as Chief Co-Sponsor Sen. Dale Fowler
Added as Co-Sponsor Sen. Sally J. Turner
Added as Co-Sponsor Sen. Sue Rezin
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
Rule 3-9(a) / Re-referred to Assignments
Senate Committee Amendment No. 1 Assignments Refers to Revenue
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Sara Feigenholtz
Senate Committee Amendment No. 1 Referred to Assignments
Added as Chief Co-Sponsor Sen. David Koehler
Added as Co-Sponsor Sen. Jil Tracy
Added as Chief Co-Sponsor Sen. Michael W. Halpin
Added as Chief Co-Sponsor Sen. Omar Aquino
Assigned to Revenue
First Reading
Added as Co-Sponsor Sen. Doris Turner
Referred to Assignments
Filed with Secretary by Sen. Sara Feigenholtz
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML PDF |
| Senate Amendment 001 | HTML PDF |
| Senate Amendment 002 | HTML PDF |
| Document | Format |
|---|---|
| No related documents. |
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