IL SB0805 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Democrat 4-0)
Status: Engrossed on March 30 2023 - 50% progression
Action: 2023-12-10 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Engrossed) [HTML]

Summary

Creates the Master Development Plan Recognition Act. Provides that certain contributions made by the State or units of local government are considered made pursuant to a master development plan within the meaning of Section 118 of the Internal Revenue Code of 1986. Amends the Illinois Income Tax Act. Creates a deduction for capital contributions that are made pursuant to a master development plan and that are included in the taxpayer's federal taxable income for the taxable year under Section 118 of the Internal Revenue Code. Effective immediately.

Tracking Information

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Title

REVENUE-TECH

Sponsors


Roll Calls

2023-11-09 - House - Third Reading in House (Y: 106 N: 0 NV: 1 Abs: 0) [PASS]
2023-03-30 - Senate - Third Reading in Senate (Y: 57 N: 0 NV: 2 Abs: 0) [PASS]

History

DateChamberAction
2023-12-10SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
2023-11-09SenatePlaced on Calendar Order of Concurrence House Amendment(s) 2, 1 - November 9, 2023
2023-11-09SenateSecretary's Desk - Concurrence House Amendment(s) 1, 2
2023-11-09SenateChief Sponsor Changed to Sen. Celina Villanueva
2023-11-09HouseThird Reading - Short Debate - Passed 106-000-001
2023-11-09House3/5 Vote Required
2023-11-09HousePlaced on Calendar Order of 3rd Reading - Short Debate
2023-11-09HouseHouse Floor Amendment No. 2 Adopted
2023-11-09HouseRecalled to Second Reading - Short Debate
2023-11-08HouseHouse Floor Amendment No. 2 Recommends Be Adopted Revenue & Finance Committee; 018-000-000
2023-11-08HouseHouse Floor Amendment No. 2 Rules Refers to Revenue & Finance Committee
2023-11-07HouseHouse Floor Amendment No. 2 Referred to Rules Committee
2023-11-07HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Jay Hoffman
2023-11-07HouseAlternate Chief Sponsor Changed to Rep. Jay Hoffman
2023-11-07HousePlaced on Calendar Order of 3rd Reading - Short Debate
2023-11-07HouseApproved for Consideration Rules Committee; 004-000-000
2023-05-31HouseRule 19(a) / Re-referred to Rules Committee
2023-05-19HouseThird Reading/Final Action Deadline Extended-9(b) May 31, 2023
2023-05-12HouseThird Reading/Final Action Deadline Extended-9(b) May 19, 2023
2023-05-03HousePlaced on Calendar Order of 3rd Reading - Short Debate
2023-05-03HouseSecond Reading - Short Debate
2023-04-26HousePlaced on Calendar 2nd Reading - Short Debate
2023-04-26HouseDo Pass as Amended / Short Debate Revenue & Finance Committee; 019-000-000
2023-04-26HouseHouse Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
2023-04-25HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
2023-04-20HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2023-04-20HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Jennifer Gong-Gershowitz
2023-04-18HouseAssigned to Revenue & Finance Committee
2023-04-14HouseAlternate Chief Sponsor Changed to Rep. Jennifer Gong-Gershowitz
2023-04-11HouseReferred to Rules Committee
2023-04-11HouseFirst Reading
2023-04-05HouseAlternate Chief Sponsor Changed to Rep. Diane Blair-Sherlock
2023-03-31HouseChief House Sponsor Rep. Emanuel "Chris" Welch
2023-03-31HouseArrived in House
2023-03-30SenateAdded as Co-Sponsor Sen. Mary Edly-Allen
2023-03-30SenateAdded as Co-Sponsor Sen. Adriane Johnson
2023-03-30SenateThird Reading - Passed; 057-000-000
2023-03-30SenatePlaced on Calendar Order of 3rd Reading
2023-03-30SenateSenate Floor Amendment No. 1 Adopted; Morrison
2023-03-30SenateRecalled to Second Reading
2023-03-30SenateSenate Floor Amendment No. 1 Recommend Do Adopt Revenue; 007-000-000
2023-03-28SenateChief Sponsor Changed to Sen. Julie A. Morrison
2023-03-28SenateSenate Floor Amendment No. 1 Assignments Refers to Revenue
2023-03-24SenateSenate Floor Amendment No. 1 Referred to Assignments
2023-03-24SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Julie A. Morrison
2023-03-10SenatePlaced on Calendar Order of 3rd Reading March 21, 2023
2023-03-10SenateSecond Reading
2023-03-09SenatePlaced on Calendar Order of 2nd Reading March 10, 2023
2023-03-09SenateDo Pass Executive; 011-000-000
2023-03-02SenateAssigned to Executive
2023-02-02SenateReferred to Assignments
2023-02-02SenateFirst Reading
2023-02-02SenateFiled with Secretary by Sen. Don Harmon

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355101Amended CodeCitation Text

Illinois State Sources


Bill Comments

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