Illinois General Assembly - Bill Status for HB5717
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 Bill Status of HB5717  99th General Assembly


Short Description:  REVENUE-VARIOUS

House Sponsors
Rep. Michael J. Zalewski - Jerry Costello, II and Kathleen Willis

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/201from Ch. 120, par. 2-201
35 ILCS 5/203from Ch. 120, par. 2-203
35 ILCS 105/3-5
35 ILCS 105/3-50from Ch. 120, par. 439.3-50
35 ILCS 105/3-85
35 ILCS 110/2from Ch. 120, par. 439.32
35 ILCS 110/3-5
35 ILCS 110/3-70
35 ILCS 115/2from Ch. 120, par. 439.102
35 ILCS 115/3-5
35 ILCS 115/9from Ch. 120, par. 439.109
35 ILCS 120/2-5
35 ILCS 120/2-45from Ch. 120, par. 441-45
35 ILCS 120/3from Ch. 120, par. 442


Synopsis As Introduced
Amends the Illinois Income Tax Act. Reinstates the research and development credit for tax years ending on or after January 1, 2016, and provides that the credit applies on a permanent basis. Provides that the credit may be carried forward for a period of 20 years (instead of 5 years). Creates an addition modification in an amount equal to the deduction for qualified domestic production activities allowed under Section 199 of the Internal Revenue Code for the taxable year. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that the manufacturing and assembling machinery and equipment exemption includes graphic arts machinery and equipment and production related tangible personal property. Provides that the exemption for coal and aggregate exploration, mining, off-highway hauling, processing, maintenance, and reclamation equipment applies on a permanent basis. Effective immediately.

Actions 
DateChamber Action
  2/10/2016HouseFiled with the Clerk by Rep. Michael J. Zalewski
  2/10/2016HouseFirst Reading
  2/10/2016HouseReferred to Rules Committee
  3/2/2016HouseAdded Co-Sponsor Rep. Kathleen Willis
  3/23/2016HouseAssigned to Revenue & Finance Committee
  3/29/2016HouseTo Sales and Other Taxes Subcommittee
  3/30/2016HouseAdded Chief Co-Sponsor Rep. Jerry Costello, II
  4/8/2016HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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