SB 805

  • Illinois Senate Bill
  • 103rd Regular Session
  • Introduced in Senate Mar 31, 2023
  • Passed Senate Mar 30, 2023
  • Passed House Nov 09, 2023
  • Governor

Revenue-Tech

Abstract

Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title. Senate Floor Amendment No. 1 Deletes reference to: 35 ILCS 5/101 from Ch. 120, par. 1-101 Adds reference to: 35 ILCS 10/5-5 35 ILCS 10/5-15 Replaces everything after the enacting clause. Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that, for Agreements that are executed on or after the effective date of the amendatory Act, "startup taxpayer" means a corporation, partnership, or other entity incorporated or organized no more than 10 years (currently, 5 years) before the filing of an application for an Agreement. Provides that an election to take the credit against withholding payments shall allow the credit to be taken against those payments during the first calendar quarter (currently, year) beginning after the end of the taxable quarter (currently, year) in which the credit is awarded. House Committee Amendment No. 1 Adds reference to: 20 ILCS 655/5.5 from Ch. 67 1/2, par. 609.1 220 ILCS 5/9-222.1A Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill. Adds provisions amending the Illinois Enterprise Zone Act. Provides that certain businesses that intend to establish a new cultured cell material food production facility at a designated location in Illinois are considered High Impact Businesses. Amends the Public Utilities Act to make conforming changes. House Floor Amendment No. 2 Deletes reference to: 20 ILCS 655/5.5 from Ch. 67 1/2, par. 609.1 35 ILCS 10/5-5 35 ILCS 10/5-15 220 ILCS 5/9-222.1A Adds reference to: New Act 35 ILCS 5/203 from Ch. 120, par. 2-203 Replaces everything after the enacting clause. Creates the Master Development Plan Recognition Act. Provides that certain contributions made by the State or units of local government are considered made pursuant to a master development plan within the meaning of Section 118 of the Internal Revenue Code of 1986. Amends the Illinois Income Tax Act. Creates a deduction for capital contributions that are made pursuant to a master development plan and that are included in the taxpayer's federal taxable income for the taxable year under Section 118 of the Internal Revenue Code. Effective immediately.

Bill Sponsors (4)

Votes


Actions


Dec 10, 2023

Senate

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

Nov 09, 2023

Senate

Placed on Calendar Order of Concurrence House Amendment(s) 2, 1 - November 9, 2023

Senate

Secretary's Desk - Concurrence House Amendment(s) 1, 2

Senate

Chief Sponsor Changed to Sen. Celina Villanueva

House

Third Reading - Short Debate - Passed 106-000-001

House

3/5 Vote Required

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Recalled to Second Reading - Short Debate

House

House Floor Amendment No. 2 Adopted

Nov 08, 2023

House

House Floor Amendment No. 2 Recommends Be Adopted Revenue & Finance Committee; 018-000-000

House

House Floor Amendment No. 2 Rules Refers to Revenue & Finance Committee

Nov 07, 2023

House

Approved for Consideration Rules Committee; 004-000-000

House

House Floor Amendment No. 2 Referred to Rules Committee

House

House Floor Amendment No. 2 Filed with Clerk by Rep. Jay Hoffman

House

Alternate Chief Sponsor Changed to Rep. Jay Hoffman

House

Placed on Calendar Order of 3rd Reading - Short Debate

May 31, 2023

House

Rule 19(a) / Re-referred to Rules Committee

May 19, 2023

House

Third Reading/Final Action Deadline Extended-9(b) May 31, 2023

May 12, 2023

House

Third Reading/Final Action Deadline Extended-9(b) May 19, 2023

May 03, 2023

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Second Reading - Short Debate

Apr 26, 2023

House

House Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote

House

Placed on Calendar 2nd Reading - Short Debate

House

Do Pass as Amended / Short Debate Revenue & Finance Committee; 019-000-000

Apr 25, 2023

House

House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee

Apr 20, 2023

House

House Committee Amendment No. 1 Filed with Clerk by Rep. Jennifer Gong-Gershowitz

House

House Committee Amendment No. 1 Referred to Rules Committee

Apr 18, 2023

House

Assigned to Revenue & Finance Committee

Apr 14, 2023

House

Alternate Chief Sponsor Changed to Rep. Jennifer Gong-Gershowitz

Apr 11, 2023

House

Referred to Rules Committee

House

First Reading

Apr 05, 2023

House

Alternate Chief Sponsor Changed to Rep. Diane Blair-Sherlock

Mar 31, 2023

House

Chief House Sponsor Rep. Emanuel "Chris" Welch

House

Arrived in House

Mar 30, 2023

Senate

Recalled to Second Reading

Senate

Added as Co-Sponsor Sen. Mary Edly-Allen

Senate

Added as Co-Sponsor Sen. Adriane Johnson

Senate

Third Reading - Passed; 057-000-000

Senate

Placed on Calendar Order of 3rd Reading

Senate

Senate Floor Amendment No. 1 Adopted; Morrison

Senate

Senate Floor Amendment No. 1 Recommend Do Adopt Revenue; 007-000-000

Mar 28, 2023

Senate

Chief Sponsor Changed to Sen. Julie A. Morrison

Senate

Senate Floor Amendment No. 1 Assignments Refers to Revenue

Mar 24, 2023

Senate

Senate Floor Amendment No. 1 Referred to Assignments

Senate

Senate Floor Amendment No. 1 Filed with Secretary by Sen. Julie A. Morrison

Mar 10, 2023

Senate

Placed on Calendar Order of 3rd Reading March 21, 2023

Senate

Second Reading

Mar 09, 2023

Senate

Do Pass Executive; 011-000-000

Senate

Placed on Calendar Order of 2nd Reading March 10, 2023

Mar 02, 2023

Senate

Assigned to Executive

Feb 02, 2023

Senate

Filed with Secretary by Sen. Don Harmon

Senate

Referred to Assignments

Senate

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML PDF
Engrossed HTML PDF
Senate Amendment 001 HTML PDF
House Amendment 001 HTML PDF
House Amendment 002 HTML PDF

Related Documents

Document Format
No related documents.

Sources

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