RYDER-PHELPS-NOLAND-GRANBERG-LAWFER, REITZ, BOLAND, TURNER,JOHN AND BLACK. (LAUZEN-KEHOE-WALSH,L-FITZGERALD-REA) 35 ILCS 125/2 from Ch. 5, par. 1752 Amends the Gasohol Fuels Tax Abatement Act. Makes a technical change in the definition Section. FISCAL NOTE (Dpt. Revenue) No fiscal impact on the Department. FISCAL NOTE (EPA) HB2950 would have no fiscal impact on EPA. HOUSE AMENDMENT NO. 1. Deletes reference to: 35 ILCS 125/2 Adds reference to: 35 ILCS 105/3-10 from Ch. 120, par. 439.3-10 35 ILCS 110/3-10 from Ch. 120, par. 439.33-10 35 ILCS 115/3-10 from Ch. 120, par. 439.103-10 35 ILCS 120/2-10 from Ch. 120, par. 441-10 35 ILCS 125/Act rep. Deletes everything. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that the rate of the taxes imposed by those Acts applies to 70% of the proceeds of the sales of gasohol made before July 1, 2003 (now July 1, 1999) and to 100% of the proceeds of the sales thereafter. Deletes provisions limiting the rate to 85% from July 1, 1997 to July 1, 1999 for gasohol sold in the State during the 12 months beginning July 1 following any calendar year for which the Department of Revenue has determined that the percentages required for the tax abatement under the Gasohol Fuels Tax Abatement Act have not been met. Repeals the Gasohol Fuels Tax Abatement Act. Effective immediately. SENATE AMENDMENT NO. 1. Adds reference to: 35 ILCS 5/201 from Ch. 120, par. 2-201 Amends the Illinois Income Tax Act. Provides that the credit for research and development shall not include costs incurrred after December 31, 2004 (now, 1999), except for costs incurred under a contract entered into on or before December 31, 2004 (now, 1999). SENATE AMENDMENT NO. 2. (Senate recedes May 22, 1998) Further amends the Illinois Income Tax Act. Provides that for the taxable years of 1998 and thereafter, a partnership or Subchapter S corporation that is otherwise eligible for the Jobs Tax Credit may pass the credit through to the partners of the partnership or the shareholders of the corporation in the same manner as partnership or Subchapter S corporation income is distributed to partners and shareholders under the Internal Revenue Code. Provides that for the taxable years of 1998 and thereafter, for partners, shareholders of subchapter S corporations, and owners of limited liability companies, if the liability company is treated as a partnership for purposes of federal and State income taxation, there shall be allowed a research and development credit according to the determination of income and distributive share of income under Sections 702 and 704 and subchapter S of the Internal Revenue Code. SENATE AMENDMENT NO. 3. Adds reference to: 35 ILCS 105/3-5 35 ILCS 110/3-5 35 ILCS 115/3-5 35 ILCS 120/2-5 Further amends the Use Tax Act, the Service Use Tax Act, the Ser- vice Occupation Tax Act and the Retailers' Occupation Tax Act. Pro- vides that "farm machinery and equipment" exempt from tax includes implements of husbandry, precision farming equipment, computers and related equipment and other specified items. 98-02-04 H FILED WITH CLERK 98-02-04 H ADDED AS A JOINT SPONSOR PHELPS 98-02-04 H ADDED AS A CO-SPONSOR NOLAND 98-02-04 H FIRST READING 98-02-04 H REFERRED TO HOUSE RULES COMMITTEE RULES 98-02-20 H FISCAL NOTE FILED 98-02-20 H COMMITTEE RULES 98-02-24 H FISCAL NOTE FILED EPA 98-02-24 H COMMITTEE RULES 98-02-25 H ASSIGNED TO COMMITTEE REVENUE 98-02-26 H ADDED AS A CO-SPONSOR GRANBERG 98-02-26 H ADDED AS A CO-SPONSOR LAWFER 98-03-20 H AMENDMENT NO. 01-REVENUE H 98-03-20 H ADOPTED 98-03-20 H DO PASS AMENDED/SHORT DEBATE 011-000-000 HREV 98-03-20 H PLACED CALENDAR 2ND READING-SHORT DEBATE 98-03-20 H ADDED AS A CO-SPONSOR REITZ 98-03-23 H SECOND READING-SHORT DEBATE 98-03-23 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 98-03-24 H ADDED AS A CO-SPONSOR REITZ 98-03-24 H THIRD READING/SHORT DEBATE/PASSED 106-008-001 98-03-24 H ADDED AS A CO-SPONSOR SMITH,MICHAEL 98-03-24 H ADDED AS A CO-SPONSOR BOLAND 98-03-24 H ADDED AS A CO-SPONSOR TURNER,JOHN 98-03-24 H ADDED AS A CO-SPONSOR BLACK 98-03-25 S ARRIVE IN SENATE 98-03-25 S PLACED CALENDAR ORDER OF FIRST READING 98-03-25 S CHIEF SPONSOR SIEBEN 98-03-25 S FIRST READING 98-03-25 S REFERRED TO SENATE RULES COMMITTEE RULES 98-03-25 S ADDED AS A CHIEF CO-SPONSOR KEHOE 98-03-31 S ADDED AS A CHIEF CO-SPONSOR WALSH,L 98-04-01 S ADDED AS A CHIEF CO-SPONSOR FITZGERALD 98-04-01 S ASSIGNED TO COMMITTEE REVENUE 98-04-23 S POSTPONED 98-05-05 S ADDED AS A CHIEF CO-SPONSOR REA 98-05-06 S DO PASS 009-000-000 SREV 98-05-06 S PLACED ON CALENDAR ORDER OF 2ND READING 98-05-07 98-05-07 S FILED WITH SECRETARY 98-05-07 S AMENDMENT NO. 01-LAUZEN 98-05-07 S AMENDMENT REFERRED TO SRUL 98-05-13 S SPONSOR REMOVED SIEBEN 98-05-13 S ALTERNATE CHIEF SPONSOR CHANGED TO LAUZEN 98-05-13 S SECOND READING 98-05-13 S PLACED ON CALENDAR ORDER OF 3RD READING 98-05-14 98-05-14 S FILED WITH SECRETARY 98-05-14 S AMENDMENT NO. 02-LAUZEN 98-05-14 S AMENDMENT REFERRED TO SRUL 98-05-14 S FILED WITH SECRETARY 98-05-14 S AMENDMENT NO. 03-SIEBEN 98-05-14 S AMENDMENT REFERRED TO SRUL 98-05-14 S ADDED AS A CO-SPONSOR O'DANIEL 98-05-14 S AMENDMENT NO. 01-LAUZEN 98-05-14 S RULES REFERS TO SREV 98-05-14 S AMENDMENT NO. 02-LAUZEN 98-05-14 S RULES REFERS TO SREV 98-05-14 S AMENDMENT NO. 03-SIEBEN 98-05-14 S RULES REFERS TO SREV 98-05-14 S AMENDMENT NO. 01-LAUZEN 98-05-14 S BE ADOPTED SREV/007-000-000 98-05-14 S AMENDMENT NO. 02-LAUZEN 98-05-14 S BE ADOPTED SREV/007-000-000 98-05-14 S AMENDMENT NO. 03-SIEBEN 98-05-14 S BE ADOPTED SREV/007-000-000 98-05-14 S ADDED AS A CO-SPONSOR GARCIA 98-05-14 S RECALLED TO SECOND READING 98-05-14 S AMENDMENT NO. 01-LAUZEN 98-05-14 S ADOPTED 98-05-14 S AMENDMENT NO. 02-LAUZEN 98-05-14 S ADOPTED 98-05-14 S AMENDMENT NO. 03-SIEBEN 98-05-14 S ADOPTED 040-013-000 98-05-14 S PLACED ON CALENDAR ORDER OF 3RD READING 98-05-14 S ADDED AS A CO-SPONSOR MYERS,J 98-05-14 S THIRD READING - PASSED 055-001-000 98-05-15 H ARRIVE IN HOUSE 98-05-15 H PLACED ON CALENDAR ORDER OF CONCURRENCE 01,02,03 98-05-20 H MOTION FILED CONCUR #1/01,03/RYDER 98-05-20 H MOTION REFERRED TO HRUL 98-05-20 H MOTION FILED NON-CONCUR #2/02/RYDER 98-05-20 H CALENDAR ORDER OF CONCURRENCE 01,02,03 98-05-21 H HSE NON-CONCURS IN SEN AMENDMENTS (NO.) 02 98-05-21 H CALENDAR ORDER OF CONCURRENCE 01,03 98-05-22 H BE APPROVED FOR CONSIDERATION 01,03/HRUL 98-05-22 H HSE CONCURS IN SEN AMENDMENTS (NO.) 01,03/108-007-003 98-05-22 S SECRETARYS DESK - NON-CONCURRENCE 02 98-05-22 S FILED WITH SECRETARY 98-05-22 S MOTION TO RECEDE - SENATE AMENDMENT NO 02/LAUZEN 98-05-22 S MOTION REFERRED TO SRUL 98-05-22 S MOTION TO RECEDE - SENATE AMENDMENT NO 02/LAUZEN 98-05-22 S RULES REFERS TO SREV 98-05-22 S MOTION TO RECEDE - SENATE AMENDMENT NO 02/LAUZEN 98-05-22 S BE ADOPTED SREV/006-003-000 98-05-22 S MOTION TO RECEDE - SENATE AMENDMENT NO 02/LAUZEN 98-05-22 S SEN RECEDES FROM AMENDMENT (NO.) 02/057-000-000 98-05-22 H PASSED BOTH HOUSES 98-06-12 H SENT TO THE GOVERNOR 98-06-30 H GOVERNOR APPROVED 98-06-30 H EFFECTIVE DATE 98-06-30 98-06-30 H PUBLIC ACT.............................. 90-0605 END OF INQUIRY Full Text Bill Summary