Illinois House Bill 3745 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Democrat 3)
Status: Introduced on February 26 2015 - 25% progression, died in committee
Action: 2015-04-23 - Added Chief Co-Sponsor Rep. Kelly M. Cassidy
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Creates an addition modification for any deduction allowed to the taxpayer under Sections 243 through 246A of the Internal Revenue Code (for certain qualifying dividends paid to corporations). Provides that the additional revenue attributable to that change shall be deposited into the 21st Century Workforce Development Fund. Amends the 21st Century Workforce Development Fund Act. Provides that the 21st Century Workforce Development Fund is not subject to sweeps, administrative charges or chargebacks, or other fiscal or budgetary maneuvers. Effective immediately.

INC TX-21ST CENTURY FUND

Rep. William Davis [D]

Rep. Barbara Currie [D]

Rep. Kelly Cassidy [D]

Date	Chamber	Action
2015-04-23	House	Added Chief Co-Sponsor Rep. Kelly M. Cassidy
2015-04-16	House	Added Chief Co-Sponsor Rep. Barbara Flynn Currie
2015-03-27	House	Rule 19(a) / Re-referred to Rules Committee
2015-03-13	House	To Income Tax Subcommittee
2015-03-12	House	Assigned to Revenue & Finance Committee
2015-02-27	House	Referred to Rules Committee
2015-02-27	House	First Reading
2015-02-26	House	Filed with the Clerk by Rep. William Davis

Chapter	Article	Section	Citation Type	Statute Text
30	787	15	Amended Code	Citation Text
35	5	203	Amended Code	Citation Text
35	5	901	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3745&GAID=13&DocTypeID=HB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/HB/09900HB3745.htm