Illinois Senate Bill 687 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 5-0)
Status: Passed on June 5 2019 - 100% progression
Action: 2019-06-05 - Public Act . . . . . . . . . 101-0008
Text: Latest bill text (Chaptered) [HTML]

Amends the Illinois Income Tax Act. Sets forth a schedule of income-based tax rates for individuals, trusts, and estates for taxable years beginning on or after January 1, 2021. Provides that, for taxable years beginning on or after January 1, 2021, the tax on corporations shall be imposed at the rate of 7.99% of the taxpayer's net income for the taxable year. Makes changes concerning transfers to the Local Government Distributive Fund to provide that the transfer shall be equal to 10.75% of the amount that would have been generated if the tax had been imposed at the rate of 3% for individuals, trusts, and estates and at the rate of 4.8% for corporations. Creates a child tax credit. Provides that taxpayers who are required to file a federal joint return shall file a joint return with the State. Provides that the income tax credit for property taxes shall be equal to 6% (currently, 5%) of real property taxes paid by the taxpayer during the taxable year on the principal residence of the taxpayer. Effective January 1, 2021, but does not take effect at all unless Senate Joint Resolution Constitutional Amendment No. 1 of the 101st General Assembly is approved by the voters prior to that date.

INCOME TAX RATES-CREDITS

Sen. Toi Hutchinson [D]	Sen. Elgie Sims [D]	Rep. Michael Zalewski [D]	Rep. Marcus Evans [D]
Rep. Jaime Andrade [D]

2019-05-31 - Senate - Concurrence in Senate (Y: 37 N: 20 NV: 2 Abs: 0) [PASS]
2019-05-30 - House - Third Reading in House (Y: 67 N: 48 NV: 0 Abs: 1) [PASS]
2019-05-01 - Senate - Third Reading in Senate (Y: 36 N: 22 NV: 1 Abs: 0) [PASS]

Date	Chamber	Action
2019-06-05	Senate	Public Act . . . . . . . . . 101-0008
2019-06-05	Senate	Effective Date January 1, 2021; does not take effect unless SJRCA 1 is approved by voters prior to that date.
2019-06-05	Senate	Governor Approved
2019-06-04	Senate	Sent to the Governor
2019-05-31	Senate	Passed Both Houses
2019-05-31	Senate	Senate Concurs
2019-05-31	Senate	House Floor Amendment No. 1 Senate Concurs 037-020-000
2019-05-31	Senate	House Floor Amendment No. 1 Motion to Concur Be Approved for Consideration Assignments
2019-05-31	Senate	House Floor Amendment No. 1 Motion to Concur Referred to Assignments
2019-05-31	Senate	House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Toi W. Hutchinson
2019-05-30	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 31, 2019
2019-05-30	Senate	Secretary's Desk - Concurrence House Amendment(s) 1
2019-05-30	House	Added Alternate Chief Co-Sponsor Rep. Jaime M. Andrade, Jr.
2019-05-30	House	Third Reading - Standard Debate - Passed 067-048-000
2019-05-30	House	Placed on Calendar Order of 3rd Reading - Standard Debate
2019-05-30	House	Removed from Short Debate Status
2019-05-30	House	Placed on Calendar Order of 3rd Reading - Short Debate
2019-05-30	House	House Floor Amendment No. 1 Adopted
2019-05-28	House	Added Alternate Chief Co-Sponsor Rep. Marcus C. Evans, Jr.
2019-05-28	House	House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000
2019-05-28	House	House Floor Amendment No. 1 Referred to Rules Committee
2019-05-28	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski
2019-05-24	House	Held on Calendar Order of Second Reading - Short Debate
2019-05-24	House	Second Reading - Short Debate
2019-05-24	House	Placed on Calendar 2nd Reading - Short Debate
2019-05-24	House	Do Pass / Short Debate Revenue & Finance Committee; 009-006-000
2019-05-14	House	Final Action Deadline Extended-9(b) May 31, 2019
2019-05-14	House	Assigned to Revenue & Finance Committee
2019-05-10	House	Rule 19(a) / Re-referred to Rules Committee
2019-05-07	House	Assigned to Revenue & Finance Committee
2019-05-02	House	Referred to Rules Committee
2019-05-02	House	First Reading
2019-05-01	House	Chief House Sponsor Rep. Michael J. Zalewski
2019-05-01	House	Arrived in House
2019-05-01	Senate	Third Reading - Passed; 036-022-000
2019-05-01	Senate	Placed on Calendar Order of 3rd Reading
2019-05-01	Senate	Senate Floor Amendment No. 2 Adopted; Hutchinson
2019-05-01	Senate	Senate Floor Amendment No. 1 Adopted; Hutchinson
2019-05-01	Senate	Recalled to Second Reading
2019-05-01	Senate	Added as Chief Co-Sponsor Sen. Elgie R. Sims, Jr.
2019-05-01	Senate	Senate Floor Amendment No. 2 Be Approved for Consideration Assignments
2019-05-01	Senate	Senate Floor Amendment No. 2 Referred to Assignments
2019-05-01	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. Toi W. Hutchinson
2019-05-01	Senate	Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 013-006-000
2019-04-30	Senate	Senate Floor Amendment No. 1 Assignments Refers to Executive
2019-04-30	Senate	Senate Floor Amendment No. 1 Referred to Assignments
2019-04-30	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Toi W. Hutchinson
2019-04-30	Senate	Chief Sponsor Changed to Sen. Toi W. Hutchinson
2019-04-12	Senate	Rule 2-10 Third Reading Deadline Established As May 2, 2019
2019-04-12	Senate	Chief Sponsor Changed to Sen. Terry Link
2019-03-07	Senate	Placed on Calendar Order of 3rd Reading March 12, 2019
2019-03-07	Senate	Second Reading
2019-03-06	Senate	Placed on Calendar Order of 2nd Reading March 7, 2019
2019-03-06	Senate	Do Pass Executive; 016-000-000
2019-02-20	Senate	Assigned to Executive
2019-01-31	Senate	Referred to Assignments
2019-01-31	Senate	First Reading
2019-01-31	Senate	Filed with Secretary by Sen. John J. Cullerton

Chapter	Article	Section	Citation Type	Statute Text
35	25	1	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=687&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/SB/10100SB0687.htm
Text	https://www.ilga.gov/legislation/101/SB/10100SB0687eng.htm
Text	https://www.ilga.gov/legislation/101/SB/10100SB0687enr.htm
Text	https://www.ilga.gov/legislation/publicacts/101/101-0008.htm
Amendment	https://www.ilga.gov/legislation/101/SB/10100SB0687sam001.htm
Amendment	https://www.ilga.gov/legislation/101/SB/10100SB0687sam002.htm
Amendment	https://www.ilga.gov/legislation/101/SB/10100SB0687ham001.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/101/senate/10100SB0687_05012019_005000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/101/house/10100SB0687_05302019_063000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/101/senate/10100SB0687ham001_05312019_074000C.pdf