HB 3745 Illinois House · 99th Regular Session

INC TX-21ST CENTURY FUND

Summary
Amends the Illinois Income Tax Act. Creates an addition modification for any deduction allowed to the taxpayer under Sections 243 through 246A of the Internal Revenue Code (for certain qualifying dividends paid to corporations). Provides that the additional revenue attributable to that change shall be deposited into the 21st Century Workforce Development Fund. Amends the 21st Century Workforce Development Fund Act. Provides that the 21st Century Workforce Development Fund is not subject to sweeps, administrative charges or chargebacks, or other fiscal or budgetary maneuvers. Effective immediately.
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2015
Committee Review
Floor Vote
Governor
Introduced Feb 26, 2015 Last action Jan 10, 2017
Floor votes

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Full legislative history

Actions timeline

Total actions
9
Key actions
1
Committee
4
Mar 27, 2015
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 13, 2015
Lower · Passed
To Income Tax Subcommittee
lower
Mar 12, 2015
Committee
Assigned to Revenue & Finance Committee
lower
Feb 27, 2015
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.