Bill Texts: IL HB4237 | 2017-2018 | 100th General Assembly

Bill Title: Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the contributions made by the taxpayer to the Illinois Excellence Fund during the taxable year. Amends the State Finance Act. Creates the Illinois Excellence Fund. Provides that moneys in the Fund shall be used for exclusively public purposes, as specified under Section 170 of the Internal Revenue Code relating to charitable contributions and gifts. Amends the Counties Code. Provides that the county board may establish a fund in the county treasury for the purpose of accepting contributions for exclusively public purposes, as specified under Section 170 of the Internal Revenue Code relating to charitable contributions and gifts and may provide for a credit against the taxpayer's property tax liability in an amount equal to the amount of the contribution. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 32-9)

Status: (Failed) 2019-01-08 - Session Sine Die [HB4237 Detail]

Bill Drafts

RevisionDateFormatSourceView
Engrossed2018-03-02HTML/TextLinkView
Introduced2018-01-11HTML/TextLinkView

Amendments

AmendmentDateDispositionFormatSourceView
Senate Amendment 0022018-05-24ProposedHTML/TextLinkView
Senate Amendment 0012018-05-22ProposedHTML/TextLinkView
House Amendment 0022018-04-06ProposedHTML/TextLinkView
House Amendment 0012018-02-13ProposedHTML/TextLinkView

Supplemental Documents

TitleDescriptionDateFormatSourceView
No supplemental documents for Illinois HB4237 currently on file.

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