Robert W. Pritchard
- Republican
Primary
Creates the Endow Illinois Tax Credit Act and amends the Illinois Income Tax Act. Requires the Department of Commerce and Economic Opportunity to authorize an income tax credit to taxpayers who provide an endowment gift to a permanent endowment fund. Sets forth procedures and criteria for authorizing the credits. Provides that the aggregate amount of all credits that the Department may authorize in any calendar year may not exceed $50,000,000. Requires the Department to make an annual report concerning the credits. Provides that the credit may be carried forward for 5 years. Exempts the credit from the Act's sunset provisions. Effective immediately.
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Session Sine Die
Added Co-Sponsor Rep. Michael Tryon
Added Co-Sponsor Rep. David Reis
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Mike Boland
Added Co-Sponsor Rep. Jack D. Franks
Added Chief Co-Sponsor Rep. Robert F. Flider
Added Co-Sponsor Rep. Dave Winters
Added Chief Co-Sponsor Rep. Patricia Reid Lindner
Added Co-Sponsor Rep. Mike Bost
Added Co-Sponsor Rep. Jil Tracy
Assigned to Revenue Committee
Added Chief Co-Sponsor Rep. Jim Watson
Filed with the Clerk by Rep. Robert W. Pritchard
Referred to Rules Committee
First Reading
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