- Stage
- Introduced
- Started in
- House
- Sponsors
- 32
- Latest action
- May 2, 2024
What it does
Creates the Endow Illinois Tax Credit Act. Provides that the Department of Revenue shall award income tax credits to taxpayers who provide an endowment gift to a permanent endowment fund during the taxable year and receive a certificate of receipt for that gift. Provides that the credit is equal to 25% of the endowment gift. Contains provisions setting forth maximum credit amounts. Amends the Illinois Income Tax Act to require an addition modification equal to the amount of any federal deduction claimed for an endowment gift for which a taxpayer receives a credit under the Endow Illinois Tax Credit Act. Makes conforming changes. Effective immediately.
Where it stands
Introduced (Current step)
Committee (Not started)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Margaret Croke
- Aarón M. Ortíz
- Angie Guerrero-Cuellar
- Anna Moeller
- Bill Hauter
- Bob Morgan
- Bob Rita
- Dan Swanson
- Dave Severin
- Dave Vella
- Dee Avelar
- Diane Blair-Sherlock
- Edgar González, Jr.
- Gregg Johnson
- Harry Benton
- Jay Hoffman
- Joe Sosnowski
- Joyce Mason
- Katie Stuart
- Kevin Olickal
- La Shawn Ford
- Lisa Hernandez
- Mary Flowers
- Matt Hanson
- Maurice West
- Nabeela Syed
- Natalie Manley
- Norine Hammond
- Ryan Spain
- Sharon Chung
- Travis Weaver
- Will Davis
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money in Illinois.