IL SB0676 | 2015-2016 | 99th General Assembly
Status
Spectrum: Moderate Partisan Bill (Democrat 17-2)
Status: Introduced on February 3 2015 - 25% progression, died in committee
Action: 2015-10-10 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 3 2015 - 25% progression, died in committee
Action: 2015-10-10 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Increases the earned income tax credit to (i) 12% of the federal tax credit for each taxable year beginning on or after January 1, 2015 and ending prior to December 31, 2016, (ii) 14% of the federal tax credit for each taxable year beginning on or after January 1, 2016 and ending prior to December 31, 2017, (iii) 16% of the federal tax credit for each taxable year beginning on or after January 1, 2017 and ending prior to December 31, 2018, (iv) 18% of the federal tax credit for each taxable year beginning on or after January 1, 2018 and ending prior to December 31, 2019, and (v) 20% of the federal tax credit for each taxable year beginning on or after January 1, 2019. Effective immediately.
Title
INC TX-EARNED INCOME CREDIT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-10-10 | Senate | Pursuant to Senate Rule 3-9(b) / Referred to Assignments |
| 2015-05-15 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015 |
| 2015-04-24 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015 |
| 2015-03-27 | Senate | Rule 2-10 Committee Deadline Established As April 24, 2015 |
| 2015-03-24 | Senate | Added as Co-Sponsor Sen. Pamela J. Althoff |
| 2015-03-18 | Senate | Added as Co-Sponsor Sen. Emil Jones, III |
| 2015-03-10 | Senate | Added as Co-Sponsor Sen. Ira I. Silverstein |
| 2015-03-06 | Senate | Added as Co-Sponsor Sen. Wm. Sam McCann |
| 2015-03-05 | Senate | Added as Co-Sponsor Sen. Bill Cunningham |
| 2015-03-05 | Senate | Added as Co-Sponsor Sen. Kwame Raoul |
| 2015-03-05 | Senate | To Subcommittee on Tax Credits |
| 2015-03-04 | Senate | Added as Co-Sponsor Sen. Michael Noland |
| 2015-03-04 | Senate | Added as Chief Co-Sponsor Sen. Don Harmon |
| 2015-03-04 | Senate | Added as Co-Sponsor Sen. Kimberly A. Lightford |
| 2015-03-04 | Senate | Added as Chief Co-Sponsor Sen. Toi W. Hutchinson |
| 2015-03-04 | Senate | Chief Sponsor Changed to Sen. Jacqueline Y. Collins |
| 2015-03-04 | Senate | Added as Co-Sponsor Sen. Linda Holmes |
| 2015-03-03 | Senate | Added as Co-Sponsor Sen. Daniel Biss |
| 2015-03-03 | Senate | Added as Chief Co-Sponsor Sen. Terry Link |
| 2015-03-03 | Senate | Added as Co-Sponsor Sen. Melinda Bush |
| 2015-03-03 | Senate | Added as Co-Sponsor Sen. Dan Kotowski |
| 2015-03-03 | Senate | Added as Co-Sponsor Sen. Heather A. Steans |
| 2015-03-03 | Senate | Added as Co-Sponsor Sen. John G. Mulroe |
| 2015-03-03 | Senate | Added as Chief Co-Sponsor Sen. David Koehler |
| 2015-02-11 | Senate | Assigned to Revenue |
| 2015-02-03 | Senate | Referred to Assignments |
| 2015-02-03 | Senate | First Reading |
| 2015-02-03 | Senate | Filed with Secretary by Sen. Toi W. Hutchinson |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 212 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=676&GAID=13&DocTypeID=SB&SessionID=88&GA=99 |
| Text | https://www.ilga.gov/legislation/99/SB/09900SB0676.htm |
