Illinois General Assembly - Bill Status for SB3429
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 Bill Status of SB3429  102nd General Assembly


Short Description:  INC TX-EARNED INCOME CREDIT

Senate Sponsors
Sen. Heather A. Steans - Robert Peters - Melinda Bush - Jacqueline Y. Collins - Omar Aquino, Ram Villivalam, Bill Cunningham, David Koehler, Iris Y. Martinez, Emil Jones, III, Robert F. Martwick, Ann Gillespie, Celina Villanueva and Sara Feigenholtz

Last Action
DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/212
35 ILCS 5/703from Ch. 120, par. 7-703
820 ILCS 170/5from Ch. 48, par. 2755
820 ILCS 170/10from Ch. 48, par. 2760
820 ILCS 170/15from Ch. 48, par. 2765
820 ILCS 170/17 new
820 ILCS 170/20from Ch. 48, par. 2770


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that the State earned income tax credit shall be: (i) 19% of the federal tax credit for each taxable year beginning on or after January 1, 2022 and beginning before January 1, 2023; and (ii) 20% of the federal credit for each taxable year beginning on or after January 1, 2023. Requires the Department of Revenue and certain institutions of higher education to provide certain notices concerning the federal and State earned income tax credits. Effective immediately.

Actions 
DateChamber Action
  2/14/2020SenateFiled with Secretary by Sen. Heather A. Steans
  2/14/2020SenateFirst Reading
  2/14/2020SenateReferred to Assignments
  2/20/2020SenateAdded as Chief Co-Sponsor Sen. Robert Peters
  2/20/2020SenateAdded as Chief Co-Sponsor Sen. Melinda Bush
  2/20/2020SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
  2/21/2020SenateAdded as Chief Co-Sponsor Sen. Omar Aquino
  2/25/2020SenateAdded as Co-Sponsor Sen. Ram Villivalam
  2/26/2020SenateAdded as Co-Sponsor Sen. Bill Cunningham
  2/27/2020SenateAdded as Co-Sponsor Sen. David Koehler
  2/27/2020SenateAdded as Co-Sponsor Sen. Iris Y. Martinez
  3/3/2020SenateAssigned to Revenue
  3/4/2020SenateAdded as Co-Sponsor Sen. Emil Jones, III
  3/4/2020SenateAdded as Co-Sponsor Sen. Robert F. Martwick
  3/5/2020SenateAdded as Co-Sponsor Sen. Ann Gillespie
  3/5/2020SenateAdded as Co-Sponsor Sen. Celina Villanueva
  3/18/2020SenateRule 2-10 Committee Deadline Established As April 2, 2020
  3/25/2020SenateRule 2-10 Committee Deadline Established As April 24, 2020
  3/25/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 7, 2020
  4/12/2020SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  4/16/2020SenateRule 2-10 Committee Deadline Established As April 30, 2020
  4/23/2020SenateRule 2-10 Committee Deadline Established As May 7, 2020
  4/23/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 15, 2020
  4/30/2020SenateRule 2-10 Committee Deadline Established As May 15, 2020
  4/30/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 22, 2020
  5/7/2020SenateRule 2-10 Committee Deadline Established As May 22, 2020
  5/7/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 29, 2020
  5/15/2020SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020
  12/21/2020SenateAdded as Co-Sponsor Sen. Sara Feigenholtz
  1/13/2021SenateSession Sine Die

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