SB 1448

  • Illinois Senate Bill
  • 98th Regular Session
  • Introduced in Senate May 23, 2013
  • Passed Senate May 22, 2013
  • Passed House Nov 06, 2013
  • Governor

Endow Illinois Tax Credit Act

Abstract

Creates the Endow Illinois Tax Credit Act and amends the Illinois Income Tax Act. Requires the Department of Revenue 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 may not exceed $10,000,000 in 2013, $25,000,000 in 2014, or $50,000,000 in 2015 and each calendar year thereafter. Provides conditions for eligibility. 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.

Bill Sponsors (18)

Votes


Actions


Jan 13, 2015

Senate

Session Sine Die

Jan 03, 2014

Senate

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

Nov 06, 2013

Senate

Added as Chief Co-Sponsor Sen. Kirk W. Dillard

Senate

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

House

Alternate Co-Sponsor Removed Rep. Robyn Gabel

House

Third Reading - Short Debate - Passed 086-028-001

House

3/5 Vote Required

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Added Alternate Co-Sponsor Rep. Robert W. Pritchard

House

Added Alternate Chief Co-Sponsor Rep. Patricia R. Bellock

House

Alternate Chief Co-Sponsor Removed Rep. Robert W. Pritchard

House

House Floor Amendment No. 3 Referred to Rules Committee

Senate

Added as Co-Sponsor Sen. David Koehler

House

House Floor Amendment No. 3 Filed with Clerk by Rep. Jeanne M Ives

Senate

Placed on Calendar Order of Concurrence House Amendment(s) 2 - November 7, 2013

Nov 05, 2013

House

Alternate Chief Sponsor Changed to Rep. Michael J. Zalewski

House

Held on Calendar Order of Second Reading - Short Debate

House

Second Reading - Short Debate

House

Placed on Calendar 2nd Reading - Short Debate

House

House Committee Amendment No. 1 Tabled Pursuant to Rule 40

House

Do Pass as Amended / Short Debate Revenue & Finance Committee; 008-000-000

House

House Committee Amendment No. 2 Adopted in Revenue & Finance Committee; by Voice Vote

House

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

Nov 04, 2013

House

House Committee Amendment No. 2 Referred to Rules Committee

House

House Committee Amendment No. 2 Filed with Clerk by Rep. Michael J. Zalewski

Oct 30, 2013

House

House Committee Amendment No. 1 Referred to Rules Committee

House

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

House

House Committee Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski

Oct 21, 2013

House

Added Alternate Co-Sponsor Rep. Linda Chapa LaVia

Oct 16, 2013

House

Assigned to Revenue & Finance Committee

House

Final Action Deadline Extended-9(b) November 30, 2013

Oct 01, 2013

House

Added Alternate Co-Sponsor Rep. Arthur Turner

Jun 07, 2013

House

Added Alternate Co-Sponsor Rep. Kay Hatcher

May 31, 2013

House

Added Alternate Co-Sponsor Rep. Cynthia Soto

House

Alternate Chief Co-Sponsor Changed to Rep. Joe Sosnowski

House

Alternate Chief Co-Sponsor Changed to Rep. John M. Cabello

House

Alternate Chief Co-Sponsor Changed to Rep. John M. Cabello

House

Added Alternate Chief Co-Sponsor Rep. Joe Sosnowski

House

Added Alternate Chief Co-Sponsor Rep. John M. Cabello

House

Added Alternate Co-Sponsor Rep. C.D. Davidsmeyer

House

Added Alternate Co-Sponsor Rep. David R. Leitch

House

Added Alternate Co-Sponsor Rep. Robyn Gabel

House

Added Alternate Co-Sponsor Rep. Maria Antonia Berrios

House

Added Alternate Co-Sponsor Rep. Daniel J. Burke

House

Added Alternate Co-Sponsor Rep. Elizabeth Hernandez

May 30, 2013

House

Added Alternate Co-Sponsor Rep. Norine Hammond

House

Added Alternate Co-Sponsor Rep. Mike Bost

May 28, 2013

House

Added Alternate Co-Sponsor Rep. Jil Tracy

House

Added Alternate Co-Sponsor Rep. Kenneth Dunkin

May 27, 2013

House

Added Alternate Co-Sponsor Rep. Adam Brown

House

Added Alternate Co-Sponsor Rep. Tom Demmer

May 24, 2013

House

Alternate Chief Co-Sponsor Changed to Rep. Naomi D. Jakobsson

House

Added Alternate Chief Co-Sponsor Rep. Naomi D. Jakobsson

House

Added Alternate Co-Sponsor Rep. William Davis

May 23, 2013

House

Referred to Rules Committee

House

Arrived in House

House

Chief House Sponsor Rep. Barbara Flynn Currie

House

Added Alternate Chief Co-Sponsor Rep. Robert W. Pritchard

House

First Reading

May 22, 2013

Senate

Added as Co-Sponsor Sen. Michael E. Hastings

Senate

Third Reading - Passed; 047-004-001

Senate

Added as Co-Sponsor Sen. Michael Connelly

Senate

Recalled to Second Reading

Senate

Placed on Calendar Order of 3rd Reading

Senate

Senate Floor Amendment No. 2 Adopted; Muñoz

May 16, 2013

Senate

Senate Floor Amendment No. 2 Recommend Do Adopt Revenue; 008-002-000

May 09, 2013

Senate

Added as Co-Sponsor Sen. Mattie Hunter

Senate

Added as Co-Sponsor Sen. Martin A. Sandoval

May 07, 2013

Senate

Added as Chief Co-Sponsor Sen. Don Harmon

May 06, 2013

Senate

Added as Co-Sponsor Sen. Mike Jacobs

May 02, 2013

Senate

Rule 2-10 Third Reading Deadline Established As May 31, 2013

May 01, 2013

Senate

Added as Co-Sponsor Sen. Donne E. Trotter

Senate

Sponsor Removed Sen. Kirk W. Dillard

Senate

Added as Co-Sponsor Sen. Kirk W. Dillard

Senate

Added as Co-Sponsor Sen. Iris Y. Martinez

Senate

Added as Co-Sponsor Sen. Jacqueline Y. Collins

Apr 29, 2013

Senate

Rule 2-10 Third Reading Deadline Established As May 3, 2013

Apr 24, 2013

Senate

Senate Floor Amendment No. 2 Postponed - Revenue

Senate

Placed on Calendar Order of 3rd Reading April 25, 2013

Senate

Second Reading

Apr 23, 2013

Senate

Added as Co-Sponsor Sen. David S. Luechtefeld

Apr 17, 2013

Senate

Senate Floor Amendment No. 2 Postponed - Revenue

Senate

Senate Floor Amendment No. 2 Assignments Refers to Revenue

Apr 12, 2013

Senate

Added as Co-Sponsor Sen. Steve Stadelman

Apr 11, 2013

Senate

Added as Co-Sponsor Sen. Linda Holmes

Senate

Senate Floor Amendment No. 2 Referred to Assignments

Senate

Senate Floor Amendment No. 2 Filed with Secretary by Sen. Antonio Muñoz

Apr 09, 2013

Senate

Added as Co-Sponsor Sen. Dave Syverson

Apr 08, 2013

Senate

Added as Co-Sponsor Sen. Tim Bivins

Mar 22, 2013

Senate

Added as Co-Sponsor Sen. Dan Kotowski

Mar 20, 2013

Senate

Senate Committee Amendment No. 1 Adopted

Senate

Placed on Calendar Order of 2nd Reading March 21, 2013

Senate

Do Pass as Amended Revenue; 007-003-001

Mar 19, 2013

Senate

Senate Committee Amendment No. 1 Assignments Refers to Revenue

Mar 15, 2013

Senate

Senate Committee Amendment No. 1 Referred to Assignments

Senate

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Antonio Muñoz

Mar 13, 2013

Senate

Postponed - Revenue

Mar 12, 2013

Senate

Added as Co-Sponsor Sen. Wm. Sam McCann

Mar 06, 2013

Senate

Postponed - Revenue

Mar 05, 2013

Senate

Added as Co-Sponsor Sen. Sue Rezin

Mar 01, 2013

Senate

Added as Co-Sponsor Sen. Michael W. Frerichs

Senate

Added as Chief Co-Sponsor Sen. Pamela J. Althoff

Feb 28, 2013

Senate

Postponed - Revenue

Feb 19, 2013

Senate

Added as Co-Sponsor Sen. Darin M. LaHood

Feb 14, 2013

Senate

Assigned to Revenue

Senate

Added as Co-Sponsor Sen. William Delgado

Feb 06, 2013

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Antonio Muñoz

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML

Related Documents

Document Format
House Amendment 003
House Amendment 002
House Amendment 001
Senate Amendment 002
Senate Amendment 001

Sources

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