Bill Text: IL HB0503 | 2011-2012 | 97th General Assembly | Amended
Bill Title: Amends the Property Tax Code. Makes a technical change in a Section concerning the definition of "33 1/3%".
Spectrum: Partisan Bill (Democrat 8-0)
Status: (Failed) 2013-01-08 - Session Sine Die [HB0503 Detail]
Download: Illinois-2011-HB0503-Amended.html
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1 | AMENDMENT TO HOUSE BILL 503
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2 | AMENDMENT NO. ______. Amend House Bill 503, AS AMENDED, | ||||||
3 | with reference to page and line numbers of Senate Amendment No. | ||||||
4 | 1, as follows:
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5 | on page 2, by replacing lines 2 and 3 with the following:
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6 | "(3) compensation paid to vendors for contractual or | ||||||
7 | salaried employees of the vendor who are Illinois residents | ||||||
8 | and who perform"; and
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9 | on page 3, by replacing lines 8 and 9 with the following:
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10 | "(1) an amount equal to 30% of the (i) Illinois | ||||||
11 | production spending and (ii) Illinois labor expenditure | ||||||
12 | for the taxable year; and"; and
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13 | on page 4, by replacing lines 24 and 25 with the following:
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1 | "(3) the compensation paid by a vendor, not to exceed | ||||||
2 | $100,000 for any one employee, for contractual or salaried | ||||||
3 | employees of the vendor who are"; and
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4 | on page 10, by deleting line 3.
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