IL SB1656 | 2019-2020 | 101st General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Provides that the personal property tax replacement income tax credit for investments in qualified property applies for costs incurred on or before December 31, 2023 (currently, December 31, 2018). Effective immediately.
Title
INC TX-PPRT INVESTMENT CREDIT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-13 | Senate | Session Sine Die |
| 2019-03-28 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2019-03-22 | Senate | Rule 2-10 Committee Deadline Established As March 28, 2019 |
| 2019-03-06 | Senate | Postponed - Revenue |
| 2019-02-27 | Senate | Assigned to Revenue |
| 2019-02-15 | Senate | Referred to Assignments |
| 2019-02-15 | Senate | First Reading |
| 2019-02-15 | Senate | Filed with Secretary by Sen. Chuck Weaver |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 201 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1656&GAID=15&DocTypeID=SB&SessionID=108&GA=101 |
| Text | https://www.ilga.gov/legislation/101/SB/10100SB1656.htm |
