INCOME TAXATION-TECH House SponsorsRep. Michael J. Madigan-Barbara Flynn Currie-Robert S. Molaro Senate Sponsors(Sen. Terry Link) 1/11/2005HouseSession Sine Die 35 ILCS 5/101from Ch. 120, par. 1-101 Amends the Illinois Income Tax Act. Makes technical changes in a Section concerning the short title.Senate Floor Amendment No. 1 Deletes reference to:35 ILCS 171/4Adds reference to:New Act35 ILCS 120/1cfrom Ch. 120, par. 440c625 ILCS 45/3A-5from Ch. 95 1/2, par. 313A-5220 ILCS 5/8-403.1from Ch. 111 2/3, par. 8-403.1215 ILCS 5/416820 ILCS 305/4d5 ILCS 70/1.23from Ch. 1, par. 102435 ILCS 5/203from Ch. 120, par. 2-20335 ILCS 5/205from Ch. 120, par. 2-20535 ILCS 5/207from Ch. 120, par. 2-20735 ILCS 5/304from Ch. 120, par. 3-30435 ILCS 5/305from Ch. 120, par. 3-30535 ILCS 5/501from Ch. 120, par. 5-50135 ILCS 5/502from Ch. 120, par. 5-50235 ILCS 5/709.5 new35 ILCS 5/711from Ch. 120, par. 7-71135 ILCS 5/712from Ch. 120, par. 7-71235 ILCS 5/713from Ch. 120, par. 7-71335 ILCS 5/804from Ch. 120, par. 8-80435 ILCS 5/905from Ch. 120, par. 9-90535 ILCS 5/911from Ch. 120, par. 9-91135 ILCS 5/1001from Ch. 120, par. 10-100135 ILCS 5/1002from Ch. 120, par. 10-100235 ILCS 5/1005from Ch. 120, par. 10-100535 ILCS 5/1007 new35 ILCS 5/1008 new35 ILCS 5/1405.5 new35 ILCS 5/1405.6 new35 ILCS 5/1501from Ch. 120, par. 15-1501Deletes everything after the enacting clause. Creates the Tax Shelter Voluntary Compliance Act. Amends the Public Utilities Act concerning qualified solid waste energy facilities. Amends the Use and Occupation Tax Acts concerning the Manufacturer's Purchase Credit. Amends the Illinois Insurance Code and the Worker's Compensation Act concerning the Industrial Commission Operations Fund Surcharge. Amends the Statute on Statutes concerning the economic substance doctrine. Amends the Illinois Income Tax Act concerning (i) tax shelters, (ii) federal bonds, (iii) net operating losses, (iv) the definition of business income, (v) income apportionable to Illinois, (vi) partnership and subchapter S corporation withholding, and (vii) tax havens. Exempts small business persons. Effective immediately, except some parts effective July 1, 2004. Not effective unless House Bill 4266 becomes law. 1/31/2003HouseFiled with the Clerk by Rep. Michael J. Madigan 1/31/2003HouseChief Co-Sponsor Rep. Barbara Flynn Currie 1/31/2003HouseChief Co-Sponsor Rep. Robert S. Molaro 1/31/2003HouseFirst Reading 1/31/2003HouseReferred to Rules Committee 2/4/2003HouseAssigned to Executive Committee 3/12/2003HouseDo Pass / Short Debate Executive Committee; 010-000-000 3/12/2003HousePlaced on Calendar 2nd Reading - Short Debate ** 3/31/2003HouseSecond Reading - Short Debate 3/31/2003HouseHeld on Calendar Order of Second Reading - Short Debate ** 4/2/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate ** 4/3/2003HouseThird Reading - Short Debate - Passed 069-044-004 4/8/2003SenateArrive in Senate 4/8/2003SenatePlaced on Calendar Order of First Reading April 9, 2003 4/8/2003SenateChief Senate Sponsor Sen. Emil Jones, Jr. 4/8/2003SenateFirst Reading 4/8/2003SenateReferred to Rules 4/16/2003SenateAssigned to Executive 5/1/2003SenateDo Pass Executive; 007-004-000 5/1/2003SenatePlaced on Calendar Order of 2nd Reading May 6, 2003 5/6/2003SenateSecond Reading 5/6/2003SenatePlaced on Calendar Order of 3rd Reading May 7, 2003 5/16/2003SenateThird Reading Deadline Extended - Rule 2-10, to December 31, 2003. 7/1/2003SenatePursuant to Senate Rule 3-9(b) / Referred to Rules 5/13/2004SenateThird Reading Deadline Extended - Rule 2-10, extended to January 11, 2005. 5/17/2004SenateApproved for Consideration Rules 5/17/2004SenatePlaced on Calendar Order of 3rd Reading May 18, 2004 5/31/2004SenateAlternate Chief Sponsor Changed to Sen. Terry Link 5/31/2004SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Terry Link 5/31/2004SenateSenate Floor Amendment No. 1 Referred to Rules 5/31/2004SenateSenate Floor Amendment No. 1 Be Approved for Consideration Rules 5/31/2004SenateRecalled to Second Reading 5/31/2004SenateSenate Floor Amendment No. 1 Adopted; Link 5/31/2004SenatePlaced on Calendar Order of 3rd Reading 5/31/2004SenateThird Reading - Passed; 033-020-003 6/1/2004HouseArrived in House 6/1/2004HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1 6/30/2004HouseFinal Action Deadline Extended-9(b) July 15, 2004 7/15/2004HouseFinal Action Deadline Extended-9(b) JULY 31, 2004 7/31/2004HouseRule 19(a) / Re-referred to Rules Committee 1/11/2005HouseSession Sine Die