IL HB2745 | 2017-2018 | 100th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Reinstates the research and development credit for tax years ending on or after January 1, 2017, and provides that the credit applies on a permanent basis. Provides that the credit may be carried forward for a period of 20 years (instead of 5 years). Creates an apprenticeship income tax credit. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that the manufacturing and assembling machinery and equipment exemption includes graphic arts machinery and equipment and production related tangible personal property. Provides that the exemption for coal and aggregate exploration, mining, off-highway hauling, processing, maintenance, and reclamation equipment applies on a permanent basis. Effective immediately.

Tracking Information

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Title

REVENUE-VARIOUS

Sponsors


History

DateChamberAction
2019-01-08HouseSession Sine Die
2017-03-31HouseRule 19(a) / Re-referred to Rules Committee
2017-03-16HouseAdded Co-Sponsor Rep. Melissa Conyears-Ervin
2017-03-09HouseTo Growth, Reform & Fairness Subcommittee
2017-02-22HouseAssigned to Revenue & Finance Committee
2017-02-08HouseReferred to Rules Committee
2017-02-08HouseFirst Reading
2017-02-08HouseFiled with the Clerk by Rep. Michael J. Zalewski

Code Citations

ChapterArticleSectionCitation TypeStatute Text
351053-5Amended CodeCitation Text
351053-50Amended CodeCitation Text
351053-85Amended CodeCitation Text
351102Amended CodeCitation Text
351103-5Amended CodeCitation Text
351103-70Amended CodeCitation Text
351152Amended CodeCitation Text
351153-5Amended CodeCitation Text
351159Amended CodeCitation Text
351202-45Amended CodeCitation Text
351202-5Amended CodeCitation Text
351203Amended CodeCitation Text
355201Amended CodeCitation Text
355224New CodeSee Bill Text

Illinois State Sources


Bill Comments

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