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<title>Illinois General Assembly - Bill Status for HB 5342   </title>
<shortdesc>CORP TAX EXPEND-PUBLISH NAMES</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Kelly Burke-William Cunningham-Maria Antonia Berrios-Elaine Nekritz-William Davis, Michael W. Tryon, Ann Williams, Jack D. Franks, Cynthia Soto, Elizabeth Hernandez, Dena M. Carli, John D'Amico, Edward J. Acevedo, Karen A. Yarbrough, Robyn Gabel, Keith Farnham, Carol A. Sente, Linda Chapa LaVia and Fred Crespo</sponsors>
<sponsorhead2>Senate Sponsors</sponsorhead2><altsponsors>(Sen. John J. Cullerton)</altsponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>20 ILCS 715/25</reference><aliasreference></aliasreference><SynopsisText>     Amends the Corporate Accountability for Tax Expenditures Act. Provides that the Department of Commerce and Economic Opportunity shall post on its website (i) the identity of each recipient from whom amounts were recaptured, (ii) the amount recaptured, and (iii) the identity of each recipient receiving a waiver of the recapture provisions.</SynopsisText><synopsistitle>House Committee Amendment No. 1</synopsistitle>
<SynopsisText>Provides that the Department shall post (instead of publish) certain information on its website. Removes a provision from the introduced bill requiring that the Department post the identity of recipients who received a waiver. Provides that the disclosure requirements apply only to amounts recaptured on or after the effective date of the amendatory Act.</SynopsisText><synopsistitle>House Floor Amendment No. 2</synopsistitle>
<SynopsisText>Requires the Department of Commerce and Economic Opportunity to post on its website (i) the identity of each recipient from whom amounts were recaptured under this Section on or after the effective date of this amendatory Act of the 97th General Assembly, (ii) the date of the recapture, (iii) a summary of the reasons supporting the recapture, and (iv) the amount recaptured (in the introduced bill, the Department is required to publish the identity of each recipient from whom amounts were recaptured, the amount recaptured, and the identity of each recipient receiving a waiver).</SynopsisText><synopsistitle>Senate Floor Amendment No. 1</synopsistitle>
<reftype>Deletes reference to:</reftype><reference>20 ILCS 715/25</reference><aliasreference></aliasreference><reftype>Adds reference to:</reftype><reference>35 ILCS 5/223 new</reference><aliasreference></aliasreference><reference>35 ILCS 5/901</reference><aliasreference>from Ch. 120, par. 9-901</aliasreference><reference>35 ILCS 5/1501</reference><aliasreference>from Ch. 120, par. 15-1501</aliasreference><SynopsisText>Replaces everything after the enacting clause. Amends the Illinois Income Tax Act. In provisions concerning unitary business groups, provides that, for taxable years ending on or after December 31, 2012, the term "United States" includes any area over which the United States has asserted jurisdiction or claimed exclusive rights with respect to the exploration for or exploitation of natural resources. Provides that 100% of the proceeds collected as a result of the changes made to this Act by this amendatory Act of the 97th General Assembly shall be deposited into the Education Assistance Fund. Creates a credit in an amount equal to 2.5% of the qualified education expenses paid by a qualifying taxpayer to an eligible educational institution during the taxable year for a qualified student, but not to exceed $250 per qualifying individual taxpayer who files as married filing jointly, or $125 per taxpayer who files as an individual, married filing separately, widow, or head of household, in any taxable year. Provides that the term "eligible educational institution" means any public or private university, community college, vocational school, or other postsecondary educational institution that is physically located in the State and is eligible to participate in a student loan program administered by the United States Department of Education. Provides that the term "qualified education expenses" means tuition and fees required for enrollment or attendance at an eligible educational institution, as well as expenses for course-related books, supplies, and equipment if those expenses are incurred as part of the student's course of study. Effective immediately.</SynopsisText><synopsistitle>Senate Floor Amendment No. 2</synopsistitle>
<SynopsisText>Removes a provision from the bill as amended by Senate Amendment 1 that provides that the proceeds collected as a result of certain changes made to the Illinois Income Tax Act shall be deposited into the Education Assistance Fund. Provides for the annual transfer of $100,000,000 from the General Revenue Fund to the Education Assistance Fund. Makes a technical correction.</SynopsisText></synopsis>
<actions>
<statusdate>2/8/2012</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Kelly Burke</action>
<statusdate>2/8/2012</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/8/2012</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/17/2012</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/22/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. William Cunningham</action>
<statusdate>2/22/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Maria Antonia Berrios</action>
<statusdate>2/22/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Elaine Nekritz</action>
<statusdate>2/22/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. William Davis</action>
<statusdate>2/23/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Michael W. Tryon</action>
<statusdate>2/27/2012</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Kelly Burke</action>
<statusdate>2/27/2012</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>2/28/2012</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Revenue &amp; Finance Committee</action>
<statusdate>3/8/2012</statusdate><chamber>House</chamber><action>Recommends Do Pass Subcommittee/ Revenue &amp; Finance Committee;  003-000-000</action>
<statusdate>3/8/2012</statusdate><chamber>House</chamber><action>Remains in Revenue &amp; Finance Committee</action>
<statusdate>3/8/2012</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Adopted in Revenue &amp; Finance Committee;  by Voice Vote</action>
<statusdate>3/8/2012</statusdate><chamber>House</chamber><action>Do Pass as Amended / Short Debate Revenue &amp; Finance Committee;  009-000-000</action>
<statusdate>3/9/2012</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>3/21/2012</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>3/21/2012</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>3/21/2012</statusdate><chamber>House</chamber><action>Recalled to Second Reading - Short Debate</action>
<statusdate>3/21/2012</statusdate><chamber>House</chamber><action>Held on Calendar Order of Second Reading - Short Debate</action>
<statusdate>3/22/2012</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Filed with Clerk by Rep. Kelly Burke</action>
<statusdate>3/22/2012</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Referred to Rules Committee</action>
<statusdate>3/22/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Ann Williams</action>
<statusdate>3/22/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Karen May</action>
<statusdate>3/22/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Sandy Cole</action>
<statusdate>3/22/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jack D. Franks</action>
<statusdate>3/22/2012</statusdate><chamber>House</chamber><action>Removed Co-Sponsor Rep. Sandy Cole</action>
<statusdate>3/22/2012</statusdate><chamber>House</chamber><action>Removed Co-Sponsor Rep. Karen May</action>
<statusdate>3/26/2012</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Recommends Be Adopted Rules Committee;  003-000-000</action>
<statusdate>3/26/2012</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>3/26/2012</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Adopted by Voice Vote</action>
<statusdate>3/26/2012</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>3/27/2012</statusdate><chamber>House</chamber><action>Third Reading - Short Debate - Passed 103-010-001</action>
<statusdate>3/27/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Cynthia Soto</action>
<statusdate>3/27/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Elizabeth Hernandez</action>
<statusdate>3/27/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Dena M. Carli</action>
<statusdate>3/27/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. John D'Amico</action>
<statusdate>3/27/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Edward J. Acevedo</action>
<statusdate>3/27/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Karen A. Yarbrough</action>
<statusdate>3/27/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Robyn Gabel</action>
<statusdate>3/27/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Patricia R. Bellock</action>
<statusdate>3/27/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Keith Farnham</action>
<statusdate>3/27/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Carol A. Sente</action>
<statusdate>3/27/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Linda Chapa LaVia</action>
<statusdate>3/27/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Fred Crespo</action>
<statusdate>3/27/2012</statusdate><chamber>Senate</chamber><action>Arrive in Senate</action>
<statusdate>3/27/2012</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of First Reading March 28, 2012</action>
<statusdate>3/27/2012</statusdate><chamber>Senate</chamber><action>Chief Senate Sponsor Sen. Dan Kotowski</action>
<statusdate>3/27/2012</statusdate><chamber>House</chamber><action>Removed Co-Sponsor Rep. Patricia R. Bellock</action>
<statusdate>3/28/2012</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>3/28/2012</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>4/11/2012</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>4/18/2012</statusdate><chamber>Senate</chamber><action>Do Pass Revenue;  008-000-000</action>
<statusdate>4/18/2012</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading April 19, 2012</action>
<statusdate>5/10/2012</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>5/10/2012</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading May 15, 2012</action>
<statusdate>5/15/2012</statusdate><chamber>Senate</chamber><action>Alternate Chief Sponsor Changed to Sen. John J. Cullerton</action>
<statusdate>5/25/2012</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading Deadline Established As May 31, 2012</action>
<statusdate>5/30/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton</action>
<statusdate>5/30/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Referred to Assignments</action>
<statusdate>5/30/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Assignments Refers to Executive</action>
<statusdate>5/30/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Recommend Do Adopt Executive;  009-005-000</action>
<statusdate>5/31/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Filed with Secretary by Sen. John J. Cullerton</action>
<statusdate>5/31/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Referred to Assignments</action>
<statusdate>5/31/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Be Approved for Consideration Assignments</action>
<statusdate>5/31/2012</statusdate><chamber>Senate</chamber><action>Recalled to Second Reading</action>
<statusdate>5/31/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Adopted; Cullerton</action>
<statusdate>5/31/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Adopted; Cullerton</action>
<statusdate>5/31/2012</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading</action>
<statusdate>5/31/2012</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 031-025-001</action>
<statusdate>5/31/2012</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>5/31/2012</statusdate><chamber>House</chamber><action>Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 2</action>
<statusdate>7/27/2012</statusdate><chamber>House</chamber><action>Rule 19(b) / Re-referred to Rules Committee</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

