Amends the Illinois Income Tax Act. Creates a credit in an amount equal to a percentage of the taxpayer's qualified production activities income. Provides that, for taxable years ending on or after December 31, 2014 and prior to December 31, 2015, the credit shall be 2% of the taxpayer's qualified production activities income for the taxable year; for taxable years ending on or after December 31, 2015 and prior to December 31, 2016, the credit shall be 4% of the taxpayer's qualified production activities income for the taxable year; and for taxable years ending on or after December 31, 2016, the credit shall be 6.2% of the taxpayer's qualified production activities income for the taxable year. Provides that excess credit amounts may be carried forward and applied to the tax liability of the 15 taxable years following the excess credit year. Effective immediately.
Sen. Dave Syverson
Sponsored bills
Amends the Northern Illinois University Law. Makes a technical change in a Section concerning the Board of Trustees.
Amends the Public Officer Simultaneous Tenure Act. Provides that in counties with a population of less than 500,000, it is lawful for any person to hold the office of township supervisor or township trustee and be appointed to and serve as a member of a county zoning board of appeals, simultaneously.
Amends the Illinois Insurance Code. Makes a technical change in a Section concerning the short title.
Amends the Video Gaming Act. Makes a technical change in a Section concerning the short title.
Mourns the death of Christopher "Chris" Lockard.
Mourns the death of Helen Rose Lockard of Aurora.
Amends the Illinois Vehicle Code. Provides for the issuance of Operation Desert Shield/Desert Storm license plates to any Illinois resident who has earned the Southwest Asia Service Medal from the United States Armed Forces. Effective immediately.
Proposes to amend the Executive Article of the Illinois Constitution. Eliminates the office of Lieutenant Governor, beginning with the term of office otherwise commencing in 2019. Effective upon being declared adopted.
Amends the Illinois Vehicle Code. Provides that the Secretary of State may issue Blue Star Banner plates to residents of Illinois that have a spouse, parent, sibling, or child actively serving in the United States Armed Forces.