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 Bill Status of HB0162  100th General Assembly


Short Description:  REVENUE-TECH

House Sponsors
Rep. Michael J. Zalewski - David Harris - Grant Wehrli - Keith R. Wheeler - Patricia R. Bellock, Robert W. Pritchard, Sheri Jesiel, Tony McCombie, C.D. Davidsmeyer, Joe Sosnowski, Steven Reick, Thomas M. Bennett, John M. Cabello, Nick Sauer, Steven A. Andersson, Reginald Phillips, Tom Demmer, Ryan Spain, Lindsay Parkhurst, Randy E. Frese, Brad Halbrook, Charles Meier, Daniel Swanson, Elgie R. Sims, Jr. and Jerry Lee Long

Senate Sponsors
(Sen. Melinda Bush - Pamela J. Althoff - Linda Holmes - Neil Anderson - Julie A. Morrison, Jennifer Bertino-Tarrant, Cristina Castro and Terry Link)

Last Action
DateChamber Action
  9/18/2017HousePublic Act . . . . . . . . . 100-0511

Statutes Amended In Order of Appearance
35 ILCS 5/220


Synopsis As Introduced
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the angel investment credit.

House Floor Amendment No. 1
Deletes reference to:
35 ILCS 5/220
Adds reference to:
35 ILCS 5/704A
35 ILCS 10/5-5
35 ILCS 10/5-15
35 ILCS 10/5-20
35 ILCS 10/5-25
35 ILCS 10/5-50
35 ILCS 10/5-57 new
35 ILCS 10/5-65
35 ILCS 10/5-70
35 ILCS 10/5-77

Replaces everything after the enacting clause. Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that the credit award may not exceed the lesser of: (1) the sum of (i) 50% of the Incremental Income Tax attributable to New Employees at the Applicant's project and (ii) 10% of the training costs of New Employees; or (2) 100% of the Incremental Income Tax attributable to New Employees at the Applicant's project. Provides that, if the project is located in an underserved area, then the amount of the credit may not exceed the lesser of: (1) the sum of (i) 75% of the Incremental Income Tax attributable to New Employees at the Applicant's project and (ii) 10% of the training costs of New Employees; or (2) 100% of the Incremental Income Tax attributable to New Employees at the Applicant's project. Provides that the maximum amount of the Credit may be increased by an amount not to exceed 25% of the Incremental Income Tax attributable to retained employees if certain conditions are met. Makes changes concerning the capital investment and employment requirements for credits under the Act. Provides that an Agreement between the Department of Commerce and Economic Opportunity and an Applicant shall include a provision specifying that, if the Taxpayer ceases principal operations with the intent to shut down the project in the State permanently during the term of the Agreement, then the entire credit amount awarded to the Taxpayer prior to the date the Taxpayer ceases principal operations shall be returned to the Department and shall be reallocated to the local workforce investment area in which the project was located. Provides that the amount reallocated by the Department shall be used for purposes of workforce development, expanded opportunities for unemployed persons, and expanded opportunities for women and minorities in the workforce. Contains provisions concerning supplier diversity goals. Provides that the Department may not enter into any new EDGE agreements after June 30, 2022 (currently, April 30, 2017). Provides that no credit awarded under the Act for an agreement entered into on or after January 1, 2015 may be claimed against the taxpayer's withholding tax liability. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

Actions 
DateChamber Action
  12/5/2016HousePrefiled with Clerk by Rep. Michael J. Madigan
  1/11/2017HouseFirst Reading
  1/11/2017HouseReferred to Rules Committee
  1/25/2017HouseAssigned to Executive Committee
  2/8/2017HouseDo Pass / Short Debate Executive Committee; 007-003-000
  2/8/2017HousePlaced on Calendar 2nd Reading - Short Debate **
  2/16/2017HouseSecond Reading - Short Debate
  2/16/2017HouseHeld on Calendar Order of Second Reading - Short Debate **
  4/28/2017HouseRule 19(a) / Re-referred to Rules Committee
  5/28/2017HouseApproved for Consideration Rules Committee; 005-000-000
  5/28/2017HousePlaced on Calendar 2nd Reading - Short Debate
  5/28/2017HouseFinal Action Deadline Extended-9(b) May 31, 2017
  5/31/2017HouseFinal Action Deadline Extended-9(b) June 30, 2017
  6/25/2017HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski
  6/25/2017HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  6/25/2017HouseChief Sponsor Changed to Rep. Michael J. Zalewski
  6/25/2017HouseAdded Co-Sponsor Rep. Robert W. Pritchard
  6/26/2017HouseAdded Chief Co-Sponsor Rep. David Harris
  6/26/2017HouseAdded Chief Co-Sponsor Rep. Grant Wehrli
  6/26/2017HouseAdded Chief Co-Sponsor Rep. Keith R. Wheeler
  6/27/2017HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Michael J. Zalewski
  6/27/2017HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  6/27/2017HouseHouse Floor Amendment No. 2 Rules Refers to Revenue & Finance Committee
  6/28/2017HouseHouse Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000
  6/28/2017HouseHouse Floor Amendment No. 2 Recommends Be Adopted Revenue & Finance Committee; 007-002-000
  6/28/2017HouseAdded Co-Sponsor Rep. Sheri Jesiel
  6/28/2017HouseAdded Co-Sponsor Rep. Tony McCombie
  6/28/2017HouseAdded Co-Sponsor Rep. C.D. Davidsmeyer
  6/28/2017HouseAdded Co-Sponsor Rep. Joe Sosnowski
  6/28/2017HouseAdded Co-Sponsor Rep. Steven Reick
  6/28/2017HouseAdded Co-Sponsor Rep. Thomas M. Bennett
  6/28/2017HouseAdded Co-Sponsor Rep. John M. Cabello
  6/28/2017HouseAdded Co-Sponsor Rep. Nick Sauer
  6/28/2017HouseAdded Co-Sponsor Rep. Steven A. Andersson
  6/28/2017HouseAdded Co-Sponsor Rep. Reginald Phillips
  6/28/2017HouseAdded Co-Sponsor Rep. Tom Demmer
  6/28/2017HouseAdded Co-Sponsor Rep. Ryan Spain
  6/28/2017HouseAdded Co-Sponsor Rep. Lindsay Parkhurst
  6/28/2017HouseAdded Co-Sponsor Rep. Randy E. Frese
  6/28/2017HouseAdded Co-Sponsor Rep. Brad Halbrook
  6/28/2017HouseAdded Co-Sponsor Rep. Charles Meier
  6/28/2017HouseAdded Co-Sponsor Rep. Daniel Swanson
  6/28/2017HouseHouse Floor Amendment No. 1 Adopted
  6/28/2017HouseHouse Floor Amendment No. 2 Withdrawn by Rep. Michael J. Zalewski
  6/28/2017HousePlaced on Calendar Order of 3rd Reading - Short Debate
  6/28/2017HouseRemoved from Short Debate Status
  6/28/2017HousePlaced on Calendar Order of 3rd Reading - Standard Debate
  6/28/2017House3/5 Vote Required
  6/28/2017HouseThird Reading - Standard Debate - Passed 102-005-000
  6/28/2017HouseAdded Co-Sponsor Rep. Elgie R. Sims, Jr.
  6/28/2017HouseAdded Chief Co-Sponsor Rep. Patricia R. Bellock
  6/28/2017HouseAdded Co-Sponsor Rep. Jerry Lee Long
  6/28/2017SenateArrive in Senate
  6/28/2017SenatePlaced on Calendar Order of First Reading
  6/28/2017SenateChief Senate Sponsor Sen. John J. Cullerton
  6/28/2017SenateFirst Reading
  6/28/2017SenateReferred to Assignments
  6/29/2017SenateAdded as Alternate Chief Co-Sponsor Sen. Pamela J. Althoff
  6/29/2017SenateRule 2-10 Committee Deadline Established As June 30, 2017
  6/29/2017SenateAssigned to Revenue
  6/29/2017SenateWaive Posting Notice
  6/29/2017SenateAlternate Chief Sponsor Changed to Sen. Melinda Bush
  6/29/2017SenateAdded as Alternate Chief Co-Sponsor Sen. Linda Holmes
  6/29/2017SenateAdded as Alternate Chief Co-Sponsor Sen. Neil Anderson
  6/29/2017SenateDo Pass Revenue; 007-000-000
  6/29/2017SenatePlaced on Calendar Order of 2nd Reading
  6/29/2017SenateSecond Reading
  6/29/2017SenatePlaced on Calendar Order of 3rd Reading June 30, 2017
  6/30/2017SenateRule 2-10 Third Reading Deadline Established As June 30, 2017
  8/4/2017SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  8/7/2017SenateAdded as Alternate Chief Co-Sponsor Sen. Julie A. Morrison
  8/13/2017SenateRule 2-10 Third Reading Deadline Established As August 14, 2017
  8/13/2017SenateApproved for Consideration Assignments
  8/13/2017SenateAdded as Alternate Co-Sponsor Sen. Jennifer Bertino-Tarrant
  8/13/2017SenatePlaced on Calendar Order of 3rd Reading
  8/13/2017Senate3/5 Vote Required
  8/13/2017SenateThird Reading - Passed; 056-000-001
  8/13/2017HousePassed Both Houses
  8/16/2017SenateAdded as Alternate Co-Sponsor Sen. Cristina Castro
  9/11/2017HouseSent to the Governor
  9/18/2017HouseGovernor Approved
  9/18/2017HouseEffective Date September 18, 2017
  9/18/2017HousePublic Act . . . . . . . . . 100-0511
  9/18/2017SenateAdded as Alternate Co-Sponsor Sen. Terry Link

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