Illinois Senate Bill 744 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Slight Partisan Bill (Democrat 3-1)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Increases the earned income tax credit to (i) 12% of the federal tax credit for each taxable year beginning on or after January 1, 2017 and beginning prior to January 1, 2018, (ii) 14% of the federal tax credit for each taxable year beginning on or after January 1, 2018 and beginning prior to January 1, 2019, (iii) 16% of the federal tax credit for each taxable year beginning on or after January 1, 2019 and beginning prior to January 1, 2020, (iv) 18% of the federal tax credit for each taxable year beginning on or after January 1, 2020 and ending prior January 1, 2021, and (v) 20% of the federal tax credit for each taxable year beginning on or after January 1, 2021. Effective immediately.

INC TX-EARNED INCOME CREDIT

Sen. Jacqueline Collins [D]

Sen. Iris Martinez [D]

Sen. William McCann [R]

Sen. Omar Aquino [D]

Date	Chamber	Action
2019-01-09	Senate	Session Sine Die
2017-03-17	Senate	Rule 3-9(a) / Re-referred to Assignments
2017-03-09	Senate	Added as Chief Co-Sponsor Sen. Wm. Sam McCann
2017-02-22	Senate	To Subcommittee on Income Taxes
2017-02-17	Senate	Added as Co-Sponsor Sen. Omar Aquino
2017-02-16	Senate	Added as Chief Co-Sponsor Sen. Iris Y. Martinez
2017-02-08	Senate	Assigned to Revenue
2017-01-30	Senate	Referred to Assignments
2017-01-30	Senate	First Reading
2017-01-30	Senate	Filed with Secretary by Sen. Jacqueline Y. Collins

Chapter	Article	Section	Citation Type	Statute Text
35	5	212	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=744&GAID=14&DocTypeID=SB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/SB/10000SB0744.htm