DANIELS-KUBIK-MULLIGAN-ROSKAM. (PHILIP-BUTLER-GEO-KARIS) 20 ILCS 2705/49.34 new 35 ILCS 5/211 new Amends the Illinois Income Tax Act and the Civil Administrative Code of Illinois. Creates an income tax credit for taxpayers that receive a certificate of eligibility from the Department of Transportation in an amount equal to 50% of the amounts expended by the taxpayer on soundproofing a building that (1) is within 5 miles of O'Hare International Airport or Midway Airport or (2) is within the 60 day-night average sound level (DNL) noise contour area. Provides that the credit may not exceed $10,000 and may not reduce the taxpayer's liability under the Act to less than zero. Provides that the Department of Transportation, in cooperation with the communities surrounding O'Hare and the city of Chicago, shall prescribe rules for determining who is eligible for a certificate of eligibility for the credit. Applicable to tax years beginning on or after January 1, 1997. Sunsets the credit after 10 years. Effective immediately. HOME RULE NOTE HB1696 does not preempt home rule authority. STATE MANDATES FISCAL NOTE HB1696 fails to create a State mandate. SENATE AMENDMENT NO. 1. Deletes reference to: 20 ILCS 2705/49.34 new 35 ILCS 5/211 new Adds reference to: 30 ILCS 105/5.449 new 30 ILCS 105/5.550 new 35 ILCS 200/18-45 35 ILCS 200/18-185 105 ILCS 5/18-8 from Ch. 122, par. 18-8 Deletes everything. Creates the Local Option Property Tax Reduction Act and amends the School Code, the Property Tax Code, and the State Finance Act. Authorizes school districts by referendum to impose an income tax on corporations and individuals resident of the district at an annual rate not exceeding 2%. Requires the income tax revenues disbursed to a district each year to be used to abate the extension in that year of real property taxes levied by the district. Provides that for purposes of the Property Tax Extension Limitation Law the "aggregate extension base" shall not be reduced by any abatement pursuant to the Local Option Property Tax Reduction Act. Provides for a referendum repeal of the tax or a referendum change in the rate at which the tax is imposed or the percentage of the tax to be used for abatement. Provides for the manner of levying, collecting, and disbursing the tax and for the manner in which the tax revenues are used. Effective immediately. 97-03-06 H FIRST READING 97-03-06 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-03-11 H ASSIGNED TO COMMITTEE REVENUE 97-03-19 H ADDED AS A JOINT SPONSOR KUBIK 97-03-21 H DO PASS/SHORT DEBATE 010-001-000 HREV 97-03-21 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-04-10 H ADDED AS A CO-SPONSOR MULLIGAN 97-04-11 H HOME RULE NOTE FILED 97-04-11 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-04-12 H STATE MANDATES FISCAL NOTE FILED 97-04-12 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-04-14 H ADDED AS A CO-SPONSOR ROSKAM 97-04-14 H SECOND READING-SHORT DEBATE 97-04-14 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-04-25 H THIRD READING/SHORT DEBATE/LOST 059-051-006 97-04-25 H MOTION FILED TO RECONSIDER VOTE BY WHICH HB 1696 97-04-25 H LOST - TURNER,JOHN 97-04-25 H MOTION TO RECONSIDER VOTE - PREVAILS 063-050-000 97-04-25 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-04-25 H THIRD READING/SHORT DEBATE/PASSED 064-045-004 97-04-29 S ARRIVE IN SENATE 97-04-29 S PLACED CALENDAR ORDER OF FIRST READING 97-04-30 97-05-06 S CHIEF SPONSOR PHILIP 97-05-06 S FIRST READING 97-05-06 S REFERRED TO SENATE RULES COMMITTEE RULES 97-05-30 S PURSUANT TO RULE 97-05-30 S 2-10(E), DEADLINE 97-05-30 S FOR FINAL ACTION 97-05-30 S IS EXTENDED TO 97-05-30 S JANUARY 1,1998. 97-05-30 S ASSIGNED TO COMMITTEE REVENUE 97-05-30 S RE-REFERRED TO COMMITTEE RULES 97-05-30 S APPROVED FOR CONSIDERATION SRUL SRUL 97-05-30 S PLACED ON CALENDAR ORDER OF 2ND READING 97-05-30 S SECOND READING 97-05-30 S PLACED ON CALENDAR ORDER OF 3RD READING 97-05-31 97-05-30 S ADDED AS A CHIEF CO-SPONSOR BUTLER 97-05-31 S FILED WITH SECRETARY 97-05-31 S AMENDMENT NO. 01-KLEMM 97-05-31 S BURZYNSKI 97-05-31 S AMENDMENT REFERRED TO SRUL 97-05-31 S ADDED AS A CHIEF CO-SPONSOR GEO-KARIS 97-05-31 S FILED WITH SECRETARY 97-05-31 S AMENDMENT NO. 02-BERMAN 97-05-31 S -DEMUZIO 97-05-31 S AMENDMENT REFERRED TO SRUL 97-05-31 S AMENDMENT NO. 01-KLEMM 97-05-31 S -BURZYNSKI 97-05-31 S RULES REFERS TO SEXC 97-05-31 S AMENDMENT NO. 01-KLEMM 97-05-31 S -BURZYNSKI 97-05-31 S BE ADOPTED SEXC/008-005-000 97-06-01 S RECALLED TO SECOND READING 97-06-01 S AMENDMENT NO. 01-KLEMM 97-06-01 S -BURZYNSKI 97-06-01 S ADOPTED 97-06-01 S DEMUZIO-NUMBER OF 97-06-01 S VOTES NEEDED. 97-06-01 S CHAIR RULES 36 97-06-01 S VOTES ARE NEEDED. 97-06-01 S PLACED ON CALENDAR ORDER OF 3RD READING 97-06-01 S CULLERTON-REQUEST 97-06-01 S NUMBER OF VOTES 97-06-01 S NEEDED FOR PASSAGE 97-06-01 S CHAIR RULES 36 97-06-01 S VOTES NEEDED FOR 97-06-01 S PASSAGE. 97-06-01 S THIRD READING - LOST 026-032-000 97-06-01 S TABLED PURSUANT TO RULE 5-4(A) SA 02 97-06-01 S THIRD READING - LOST 026-032-000 END OF INQUIRY Full Text Bill Summary