Illinois Senate Bill 1669 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
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. Reinstates the research and development credit for tax years ending on or after January 1, 2017, 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 apprenticeship income tax credit. 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.

REVENUE-VARIOUS

Sen. Bill Brady [R]

Date	Chamber	Action
2019-01-09	Senate	Session Sine Die
2018-09-04	Senate	Chief Sponsor Changed to Sen. William E. Brady
2017-02-09	Senate	Referred to Assignments
2017-02-09	Senate	First Reading
2017-02-09	Senate	Filed with Secretary by Sen. Karen McConnaughay

Chapter	Article	Section	Citation Type	Statute Text
35	105	3-5	Amended Code	Citation Text
35	105	3-50	Amended Code	Citation Text
35	105	3-85	Amended Code	Citation Text
35	110	2	Amended Code	Citation Text
35	110	3-5	Amended Code	Citation Text
35	110	3-70	Amended Code	Citation Text
35	115	2	Amended Code	Citation Text
35	115	3-5	Amended Code	Citation Text
35	115	9	Amended Code	Citation Text
35	120	2-45	Amended Code	Citation Text
35	120	2-5	Amended Code	Citation Text
35	120	3	Amended Code	Citation Text
35	5	201	Amended Code	Citation Text
35	5	224	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1669&GAID=14&DocTypeID=SB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/SB/10000SB1669.htm