Illinois General Assembly

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 Bill Status of SB0004  97th General Assembly


Short Description:  EDGE-TIRES-WITHHOLDING

Senate Sponsors
Sen. Gary Forby - John O. Jones - Dan Kotowski

House Sponsors
(Rep. John E. Bradley - John D. Cavaletto - David Reis - Dan Reitz - Brandon W. Phelps, Karen May and Naomi D. Jakobsson)

Last Action
DateChamber Action
  5/6/2011SenatePublic Act . . . . . . . . . 97-0002

Statutes Amended In Order of Appearance
35 ILCS 10/5-15


Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that certain taxpayers that are primarily engaged in the manufacture of inner tubes or tires, or both, from natural and synthetic rubber may elect to claim the EDGE Credit against their withholding tax obligations. Effective immediately.

House Committee Amendment No. 3
Adds reference to:
20 ILCS 715/25
35 ILCS 5/201from Ch. 120, par. 2-201
35 ILCS 10/5-50
35 ILCS 10/5-77 new
35 ILCS 16/42 new

Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill with changes. Amends the Illinois Income Tax Act. Removes a provision exempting the River Edge remediation credit from the Act's automatic sunset. Further amends the Economic Development for a Growing Economy Tax Credit Act. Provides that taxpayers engaged in cable television infrastructure design or manufacturing and wireless telecommunication or computing terminal device design or manufacturing for use on public networks may also claim the credit against their withholding tax obligations. Contains provisions concerning recapture. Provides that if the taxpayer never meets either the investment or job creation and retention requirements specified in the EDGE Agreement during the entire 5-year period beginning on the first day of the first taxable year in which the Agreement is executed and ending on the last day of the fifth taxable year after the Agreement is executed, then the Agreement is automatically terminated on the last day of the fifth taxable year after the Agreement is executed and the Taxpayer is not entitled to the award of any credits for any of that 5-year period. Provides that the Department shall not enter into any new Agreements after December 31, 2016. Provides that taxpayers may not take credits awarded pursuant to the Film Production Services Tax Credit Act of 2008 for tax years beginning on or after 5 years after the effective date of the amendatory Act. Effective immediately.

Actions 
DateChamber Action
  1/27/2011SenateFiled with Secretary by Sen. Gary Forby
  1/27/2011SenateFirst Reading
  1/27/2011SenateReferred to Assignments
  2/9/2011SenateAssigned to Revenue
  2/15/2011SenateDo Pass Revenue; 007-001-000
  2/15/2011SenatePlaced on Calendar Order of 2nd Reading February 15, 2011
  2/15/2011SenateSecond Reading
  2/15/2011SenatePlaced on Calendar Order of 3rd Reading February 16, 2011
  2/15/2011SenateAdded as Chief Co-Sponsor Sen. John O. Jones
  2/17/2011SenateAdded as Chief Co-Sponsor Sen. Dan Kotowski
  2/17/2011SenateThird Reading - Passed; 050-000-000
  2/17/2011HouseArrived in House
  2/17/2011HousePlaced on Calendar Order of First Reading
  2/17/2011HouseChief House Sponsor Rep. John E. Bradley
  2/17/2011HouseFirst Reading
  2/17/2011HouseReferred to Rules Committee
  2/22/2011HouseAssigned to Revenue & Finance Committee
  2/22/2011HouseAdded Alternate Chief Co-Sponsor Rep. John D. Cavaletto
  2/24/2011HouseAdded Alternate Chief Co-Sponsor Rep. David Reis
  3/2/2011HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. John E. Bradley
  3/2/2011HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/2/2011HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  3/3/2011HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-000-000
  3/3/2011HouseRemains in Revenue & Finance Committee
  3/9/2011HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Barbara Flynn Currie
  3/9/2011HouseHouse Committee Amendment No. 2 Referred to Rules Committee
  3/9/2011HouseHouse Committee Amendment No. 2 Rules Refers to Revenue & Finance Committee
  3/10/2011HouseHouse Committee Amendment No. 2 Lost in Revenue & Finance Committee; 004-004-000
  3/10/2011HouseRemains in Revenue & Finance Committee
  3/15/2011HouseHouse Committee Amendment No. 3 Filed with Clerk by Rep. Barbara Flynn Currie
  3/15/2011HouseHouse Committee Amendment No. 3 Referred to Rules Committee
  3/16/2011HouseHouse Committee Amendment No. 3 Rules Refers to Revenue & Finance Committee
  3/16/2011HouseHouse Committee Amendment No. 3 Adopted in Revenue & Finance Committee; by Voice Vote
  3/16/2011HouseDo Pass as Amended / Short Debate Revenue & Finance Committee; 006-000-000
  3/16/2011HousePlaced on Calendar 2nd Reading - Short Debate
  3/16/2011HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
  3/16/2011HouseSecond Reading - Short Debate
  3/16/2011HouseHeld on Calendar Order of Second Reading - Short Debate
  3/17/2011HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/17/2011HouseThird Reading - Short Debate - Passed 090-020-001
  3/17/2011HouseAdded Alternate Chief Co-Sponsor Rep. Dan Reitz
  3/17/2011HouseAdded Alternate Chief Co-Sponsor Rep. Brandon W. Phelps
  3/17/2011HouseAdded Alternate Co-Sponsor Rep. Karen May
  3/17/2011HouseAdded Alternate Co-Sponsor Rep. Naomi D. Jakobsson
  3/17/2011SenateSecretary's Desk - Concurrence House Amendment(s) 3
  3/17/2011SenatePlaced on Calendar Order of Concurrence House Amendment(s) 3 - March 29, 2011
  3/29/2011SenateHouse Committee Amendment No. 3 Motion to Concur Filed with Secretary Sen. Gary Forby
  3/29/2011SenateHouse Committee Amendment No. 3 Motion to Concur Referred to Assignments
  4/11/2011SenateHouse Committee Amendment No. 3 Motion to Concur Assignments Referred to Executive
  4/13/2011SenateHouse Committee Amendment No. 3 Motion To Concur Recommended Do Adopt Executive; 012-000-000
  4/13/2011SenateHouse Committee Amendment No. 3 Senate Concurs 053-000-002
  4/13/2011SenatePassed Both Houses
  4/28/2011SenateSent to the Governor
  5/6/2011SenateGovernor Approved
  5/6/2011SenateEffective Date May 6, 2011
  5/6/2011SenatePublic Act . . . . . . . . . 97-0002

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