IL SB3429 | 2019-2020 | 101st General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 14-0)
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 State earned income tax credit shall be: (i) 19% of the federal tax credit for each taxable year beginning on or after January 1, 2022 and beginning before January 1, 2023; and (ii) 20% of the federal credit for each taxable year beginning on or after January 1, 2023. Requires the Department of Revenue and certain institutions of higher education to provide certain notices concerning the federal and State earned income tax credits. Effective immediately.

Tracking Information

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Title

INC TX-EARNED INCOME CREDIT

Sponsors


History

DateChamberAction
2021-01-13SenateSession Sine Die
2020-12-21SenateAdded as Co-Sponsor Sen. Sara Feigenholtz
2020-05-15SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020
2020-05-07SenateRule 2-10 Third Reading/Passage Deadline Established As May 29, 2020
2020-05-07SenateRule 2-10 Committee Deadline Established As May 22, 2020
2020-04-30SenateRule 2-10 Third Reading/Passage Deadline Established As May 22, 2020
2020-04-30SenateRule 2-10 Committee Deadline Established As May 15, 2020
2020-04-23SenateRule 2-10 Third Reading/Passage Deadline Established As May 15, 2020
2020-04-23SenateRule 2-10 Committee Deadline Established As May 7, 2020
2020-04-16SenateRule 2-10 Committee Deadline Established As April 30, 2020
2020-04-12SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
2020-03-25SenateRule 2-10 Third Reading/Passage Deadline Established As May 7, 2020
2020-03-25SenateRule 2-10 Committee Deadline Established As April 24, 2020
2020-03-18SenateRule 2-10 Committee Deadline Established As April 2, 2020
2020-03-05SenateAdded as Co-Sponsor Sen. Celina Villanueva
2020-03-05SenateAdded as Co-Sponsor Sen. Ann Gillespie
2020-03-04SenateAdded as Co-Sponsor Sen. Robert F. Martwick
2020-03-04SenateAdded as Co-Sponsor Sen. Emil Jones, III
2020-03-03SenateAssigned to Revenue
2020-02-27SenateAdded as Co-Sponsor Sen. Iris Y. Martinez
2020-02-27SenateAdded as Co-Sponsor Sen. David Koehler
2020-02-26SenateAdded as Co-Sponsor Sen. Bill Cunningham
2020-02-25SenateAdded as Co-Sponsor Sen. Ram Villivalam
2020-02-21SenateAdded as Chief Co-Sponsor Sen. Omar Aquino
2020-02-20SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
2020-02-20SenateAdded as Chief Co-Sponsor Sen. Melinda Bush
2020-02-20SenateAdded as Chief Co-Sponsor Sen. Robert Peters
2020-02-14SenateReferred to Assignments
2020-02-14SenateFirst Reading
2020-02-14SenateFiled with Secretary by Sen. Heather A. Steans

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355212Amended CodeCitation Text
355703Amended CodeCitation Text
82017010Amended CodeCitation Text
82017015Amended CodeCitation Text
82017017New CodeSee Bill Text
82017020Amended CodeCitation Text
8201705Amended CodeCitation Text

Illinois State Sources


Bill Comments

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