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 Bill Status of HB3163  100th General Assembly


Short Description:  TREASURY-ABLE ACCOUNT

House Sponsors
Rep. Natalie A. Manley - Kelly M. Burke - Frances Ann Hurley, Deb Conroy, Michael Halpin, Daniel V. Beiser, Jerry Costello, II, Brandon W. Phelps, Carol Sente, Sue Scherer, Martin J. Moylan, Anthony DeLuca, André Thapedi, Luis Arroyo, LaToya Greenwood, Camille Y. Lilly, Arthur Turner and Stephanie A. Kifowit

Senate Sponsors
(Sen. Andy Manar - Kimberly A. Lightford - Jacqueline Y. Collins - Patricia Van Pelt - Napoleon Harris, III, Jennifer Bertino-Tarrant, Thomas Cullerton, Omar Aquino, Donne E. Trotter, Linda Holmes, Mattie Hunter, Julie A. Morrison and Laura M. Murphy)

Last Action
DateChamber Action
  9/28/2017HouseRule 19(b) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
15 ILCS 505/16.6
35 ILCS 5/203from Ch. 120, par. 2-203


Synopsis As Introduced
Amends the State Treasurer Act. Provides that contributions to an ABLE account during the taxable year may be deducted from adjusted gross income as provided under a specified Section of the Illinois Income Tax Act. Amends the Illinois Income Tax Act. In a Section concerning base income, provides that the adjusted gross income shall be modified by adding a maximum amount of, for taxable years beginning on or after January 1, 2018, $10,000 contributed in the taxable year to an ABLE account under a specified Section of the State Treasurer Act. Provides for an exemption from a Section concerning the sunset of exemptions, credits, and deductions under the Act. Effective immediately.

 Fiscal Note (Dept. of Revenue)
 ln the long run, the tax incentive provided in HB 3163 may reduce income tax revenue by a range of $5 million to $40 million per year depending on the assumed number of account holders and contribution rates.

Senate Floor Amendment No. 2
Deletes reference to:
15 ILCS 505/16.6
35 ILCS 5/203
Adds reference to:
20 ILCS 620/7from Ch. 67 1/2, par. 1007
30 ILCS 105/13.2from Ch. 127, par. 149.2
35 ILCS 200/18-200
35 ILCS 200/18-249
40 ILCS 5/16-158from Ch. 108 1/2, par. 16-158
50 ILCS 470/33
55 ILCS 85/7from Ch. 34, par. 7007
55 ILCS 90/50from Ch. 34, par. 8050
65 ILCS 5/11-74.4-3from Ch. 24, par. 11-74.4-3
65 ILCS 5/11-74.4-8from Ch. 24, par. 11-74.4-8
65 ILCS 5/11-74.6-35
65 ILCS 110/50
105 ILCS 5/1A-8from Ch. 122, par. 1A-8
105 ILCS 5/1B-5from Ch. 122, par. 1B-5
105 ILCS 5/1B-6from Ch. 122, par. 1B-6
105 ILCS 5/1B-7from Ch. 122, par. 1B-7
105 ILCS 5/1B-8from Ch. 122, par. 1B-8
105 ILCS 5/1C-1
105 ILCS 5/1C-2
105 ILCS 5/1D-1
105 ILCS 5/1E-20
105 ILCS 5/1F-20
105 ILCS 5/1F-62
105 ILCS 5/1H-20
105 ILCS 5/1H-70
105 ILCS 5/2-3.33from Ch. 122, par. 2-3.33
105 ILCS 5/2-3.51.5
105 ILCS 5/2-3.66from Ch. 122, par. 2-3.66
105 ILCS 5/2-3.66b
105 ILCS 5/2-3.84from Ch. 122, par. 2-3.84
105 ILCS 5/2-3.109a
105 ILCS 5/2-3.170 new
105 ILCS 5/3-14.21from Ch. 122, par. 3-14.21
105 ILCS 5/7-14Afrom Ch. 122, par. 7-14A
105 ILCS 5/10-17afrom Ch. 122, par. 10-17a
105 ILCS 5/10-19from Ch. 122, par. 10-19
105 ILCS 5/10-22.5afrom Ch. 122, par. 10-22.5a
105 ILCS 5/10-22.20from Ch. 122, par. 10-22.20
105 ILCS 5/10-29
105 ILCS 5/11E-135
105 ILCS 5/13A-8
105 ILCS 5/13B-20.20
105 ILCS 5/13B-45
105 ILCS 5/13B-50
105 ILCS 5/13B-50.10
105 ILCS 5/13B-50.15
105 ILCS 5/14-7.02b
105 ILCS 5/14-13.01from Ch. 122, par. 14-13.01
105 ILCS 5/14C-1from Ch. 122, par. 14C-1
105 ILCS 5/14C-12from Ch. 122, par. 14C-12
105 ILCS 5/17-1from Ch. 122, par. 17-1
105 ILCS 5/17-1.2
105 ILCS 5/17-1.5
105 ILCS 5/17-2.11from Ch. 122, par. 17-2.11
105 ILCS 5/17-2Afrom Ch. 122, par. 17-2A
105 ILCS 5/17-3.6 new
105 ILCS 5/18-4.3from Ch. 122, par. 18-4.3
105 ILCS 5/18-8.05
105 ILCS 5/18-8.10
105 ILCS 5/18-8.15 new
105 ILCS 5/18-9from Ch. 122, par. 18-9
105 ILCS 5/18-12from Ch. 122, par. 18-12
105 ILCS 5/26-16
105 ILCS 5/27-8.1from Ch. 122, par. 27-8.1
105 ILCS 5/27A-9
105 ILCS 5/27A-11
105 ILCS 5/29-5from Ch. 122, par. 29-5
105 ILCS 5/34-2.3from Ch. 122, par. 34-2.3
105 ILCS 5/34-18from Ch. 122, par. 34-18
105 ILCS 5/34-18.30
105 ILCS 5/34-43.1from Ch. 122, par. 34-43.1
105 ILCS 70/25

Replaces everything after the enacting clause. Provides that the Act may be referred to as the Evidence-Based Funding for Student Success Act. Amends the Economic Development Area Tax Increment Allocation Act, State Finance Act, Property Tax Code, Illinois Pension Code, Innovation Development and Economy Act, County Economic Development Project Area Property Tax Allocation Act, County Economic Development Project Area Tax Increment Allocation Act of 1991, Illinois Municipal Code, Economic Development Project Area Tax Increment Allocation Act of 1995, School Code, and Educational Opportunity for Military Children Act. Provides that the State aid formula provisions of the School Code apply through the 2016-2017 school year. Provides for an evidence-based funding formula beginning with the 2017-2018 school year. Sets forth provisions concerning an adequacy target calculation, a local capacity calculation, a base funding minimum calculation, a percent of adequacy and final resources calculation, an evidence-based funding formula distribution system, State Superintendent of Education administration of funding and school district submission requirements, and a Professional Review Panel. Makes other changes. Effective immediately.

Actions 
DateChamber Action
  2/9/2017HouseFiled with the Clerk by Rep. Natalie A. Manley
  2/9/2017HouseFirst Reading
  2/9/2017HouseReferred to Rules Committee
  2/22/2017HouseAssigned to Revenue & Finance Committee
  2/24/2017HouseAdded Chief Co-Sponsor Rep. Kelly M. Burke
  3/7/2017HouseAdded Co-Sponsor Rep. Deb Conroy
  3/9/2017HouseAdded Co-Sponsor Rep. Michelle Mussman
  3/9/2017HouseTo Income Tax Subcommittee
  3/9/2017HouseRemoved Co-Sponsor Rep. Michelle Mussman
  3/16/2017HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 006-000-000
  3/16/2017HouseRemains in Revenue & Finance Committee
  3/16/2017HouseDo Pass / Short Debate Revenue & Finance Committee; 011-000-000
  3/16/2017HousePlaced on Calendar 2nd Reading - Short Debate
  3/16/2017HouseFiscal Note Requested by Rep. Joe Sosnowski
  3/17/2017HouseAdded Co-Sponsor Rep. Sam Yingling
  3/17/2017HouseRemoved Co-Sponsor Rep. Sam Yingling
  3/21/2017HouseAdded Co-Sponsor Rep. Katie Stuart
  3/21/2017HouseFiscal Note Filed
  3/21/2017HouseRemoved Co-Sponsor Rep. Katie Stuart
  3/23/2017HouseSecond Reading - Short Debate
  3/23/2017HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/24/2017HouseAdded Co-Sponsor Rep. Michael Halpin
  3/24/2017HouseAdded Co-Sponsor Rep. Daniel V. Beiser
  3/24/2017HouseAdded Co-Sponsor Rep. Jerry Costello, II
  3/24/2017HouseAdded Co-Sponsor Rep. Brandon W. Phelps
  3/24/2017HouseAdded Co-Sponsor Rep. Carol Sente
  3/24/2017HouseAdded Co-Sponsor Rep. Sue Scherer
  4/24/2017HouseAdded Chief Co-Sponsor Rep. Frances Ann Hurley
  4/24/2017HouseAdded Chief Co-Sponsor Rep. Katie Stuart
  4/24/2017HouseRemove Chief Co-Sponsor Rep. Katie Stuart
  4/25/2017HouseAdded Co-Sponsor Rep. Martin J. Moylan
  4/25/2017HouseAdded Co-Sponsor Rep. Anthony DeLuca
  4/25/2017HouseAdded Co-Sponsor Rep. André Thapedi
  4/25/2017HouseAdded Co-Sponsor Rep. John M. Cabello
  4/25/2017HouseAdded Co-Sponsor Rep. Brian W. Stewart
  4/25/2017HouseAdded Co-Sponsor Rep. Christine Winger
  4/25/2017HouseAdded Co-Sponsor Rep. John Cavaletto
  4/25/2017HouseAdded Co-Sponsor Rep. Luis Arroyo
  4/25/2017HouseAdded Co-Sponsor Rep. Margo McDermed
  4/25/2017HouseAdded Co-Sponsor Rep. Robert W. Pritchard
  4/25/2017HouseAdded Co-Sponsor Rep. Patricia R. Bellock
  4/25/2017HouseAdded Co-Sponsor Rep. Tom Demmer
  4/25/2017HouseAdded Co-Sponsor Rep. David S. Olsen
  4/25/2017HouseAdded Co-Sponsor Rep. Ryan Spain
  4/25/2017HouseAdded Co-Sponsor Rep. Dan Brady
  4/25/2017HouseRemoved Co-Sponsor Rep. John M. Cabello
  4/25/2017HouseRemoved Co-Sponsor Rep. Brian W. Stewart
  4/25/2017HouseRemoved Co-Sponsor Rep. Christine Winger
  4/25/2017HouseRemoved Co-Sponsor Rep. John Cavaletto
  4/25/2017HouseRemoved Co-Sponsor Rep. Margo McDermed
  4/25/2017HouseRemoved Co-Sponsor Rep. Robert W. Pritchard
  4/25/2017HouseRemoved Co-Sponsor Rep. Patricia R. Bellock
  4/25/2017HouseRemoved Co-Sponsor Rep. Tom Demmer
  4/25/2017HouseRemoved Co-Sponsor Rep. David S. Olsen
  4/25/2017HouseRemoved Co-Sponsor Rep. Ryan Spain
  4/25/2017HouseRemoved Co-Sponsor Rep. Dan Brady
  4/26/2017HouseThird Reading - Short Debate - Passed 117-000-000
  4/26/2017HouseAdded Co-Sponsor Rep. LaToya Greenwood
  4/26/2017HouseAdded Co-Sponsor Rep. Dave Severin
  4/26/2017HouseAdded Co-Sponsor Rep. Allen Skillicorn
  4/26/2017HouseAdded Co-Sponsor Rep. Camille Y. Lilly
  4/26/2017HouseAdded Co-Sponsor Rep. Mark Batinick
  4/26/2017HouseAdded Co-Sponsor Rep. Arthur Turner
  4/26/2017HouseAdded Chief Co-Sponsor Rep. Nick Sauer
  4/26/2017HouseRemove Chief Co-Sponsor Rep. Nick Sauer
  4/26/2017HouseRemoved Co-Sponsor Rep. Mark Batinick
  4/26/2017HouseRemoved Co-Sponsor Rep. Dave Severin
  4/26/2017HouseRemoved Co-Sponsor Rep. Allen Skillicorn
  4/27/2017SenateArrive in Senate
  4/27/2017SenatePlaced on Calendar Order of First Reading
  4/27/2017SenateChief Senate Sponsor Sen. Scott M. Bennett
  4/27/2017SenateFirst Reading
  4/27/2017SenateReferred to Assignments
  4/27/2017HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit
  5/2/2017SenateAssigned to Revenue
  5/12/2017SenateRule 2-10 Committee Deadline Established As May 19, 2017
  5/16/2017SenatePostponed - Revenue
  5/18/2017SenateAdded as Alternate Co-Sponsor Sen. Jennifer Bertino-Tarrant
  5/18/2017SenateAdded as Alternate Co-Sponsor Sen. Thomas Cullerton
  5/18/2017SenateAdded as Alternate Co-Sponsor Sen. Omar Aquino
  5/19/2017SenateRule 3-9(a) / Re-referred to Assignments
  5/24/2017SenateRule 2-10 Committee Deadline Established As May 31, 2017
  5/24/2017SenateApproved for Consideration Assignments
  5/24/2017SenatePlaced on Calendar Order of 2nd Reading May 25, 2017
  5/25/2017SenateAlternate Chief Sponsor Changed to Sen. John J. Cullerton
  5/25/2017SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton
  5/25/2017SenateSenate Floor Amendment No. 1 Referred to Assignments
  5/25/2017SenateSecond Reading
  5/25/2017SenatePlaced on Calendar Order of 3rd Reading May 26, 2017
  5/25/2017SenateSenate Floor Amendment No. 1 Pursuant to Senate Rule 3-8(b-1), the following amendment will remain in the Committee on Assignments.
  5/26/2017SenateRule 2-10 Third Reading Deadline Established As May 31, 2017
  8/4/2017SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  8/4/2017SenateSenate Floor Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments
  8/13/2017SenateRule 2-10 Third Reading Deadline Established As August 14, 2017
  8/13/2017SenateApproved for Consideration Assignments
  8/13/2017SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Andy Manar
  8/13/2017SenateSenate Floor Amendment No. 2 Referred to Assignments
  8/13/2017SenateSenate Floor Amendment No. 2 Be Approved for Consideration Assignments
  8/13/2017SenatePlaced on Calendar Order of 3rd Reading
  8/13/2017SenateRecalled to Second Reading
  8/13/2017SenateSenate Floor Amendment No. 2 Adopted; Manar
  8/13/2017SenateAlternate Chief Sponsor Changed to Sen. Andy Manar
  8/13/2017SenateAdded as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins
  8/13/2017SenateAdded as Alternate Chief Co-Sponsor Sen. Patricia Van Pelt
  8/13/2017SenateAdded as Alternate Chief Co-Sponsor Sen. Napoleon Harris, III
  8/13/2017SenateAdded as Alternate Co-Sponsor Sen. Donne E. Trotter
  8/13/2017SenatePlaced on Calendar Order of 3rd Reading
  8/13/2017SenateAdded as Alternate Chief Co-Sponsor Sen. Kimberly A. Lightford
  8/13/2017SenateAdded as Alternate Co-Sponsor Sen. Linda Holmes
  8/13/2017SenateAdded as Alternate Co-Sponsor Sen. Mattie Hunter
  8/13/2017Senate3/5 Vote Required
  8/13/2017SenateThird Reading - Passed; 037-019-000
  8/14/2017HouseArrived in House
  8/14/2017HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 2
  8/14/2017SenateAdded as Alternate Co-Sponsor Sen. Julie A. Morrison
  8/14/2017SenateAdded as Alternate Co-Sponsor Sen. Laura M. Murphy
  9/28/2017HouseRule 19(b) / Re-referred to Rules Committee

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