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

Sen. Toi W. Hutchinson

Filed: 5/15/2012

09700HB0503sam002LRB097 03320 PJG 69600 a
1
AMENDMENT TO HOUSE BILL 503
2 AMENDMENT NO. ______. Amend House Bill 503, AS AMENDED,
3with reference to page and line numbers of Senate Amendment No.
41, as follows:
5on page 2, by replacing lines 2 and 3 with the following:
6 "(3) compensation paid to vendors for contractual or
7 salaried employees of the vendor who are Illinois residents
8 and who perform"; and
9on page 3, by replacing lines 8 and 9 with the following:
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
13on page 4, by replacing lines 24 and 25 with the following:

09700HB0503sam002- 2 -LRB097 03320 PJG 69600 a
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
4on page 10, by deleting line 3.
feedback