A. J. Wilhelmi
- Democratic
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
Rule 2-10 Third Reading Deadline Established As April 30, 2009
Added as Co-Sponsor Sen. Chris Lauzen
Rule 3-9(a) / Re-referred to Assignments
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
To Revenue Subcommittee on Special Issues
Added as Co-Sponsor Sen. John M. Sullivan
Added as Co-Sponsor Sen. Michael W. Frerichs
Senate Committee Amendment No. 1 Assignments Refers to Revenue
Added as Chief Co-Sponsor Sen. Kimberly A. Lightford
Senate Committee Amendment No. 1 Filed with Secretary by Sen. A. J. Wilhelmi
Senate Committee Amendment No. 1 Referred to Assignments
Added as Co-Sponsor Sen. William Delgado
Assigned to Revenue
Added as Chief Co-Sponsor Sen. Pamela J. Althoff
Added as Chief Co-Sponsor Sen. Kirk W. Dillard
Filed with Secretary by Sen. A. J. Wilhelmi
Referred to Assignments
First Reading
| Bill Text Versions | Format |
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| Introduced | HTML |
| Document | Format |
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| Senate Amendment 001 |
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