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<title>Illinois General Assembly - Bill Status for HB 503    </title>
<shortdesc>REVENUE-TECH</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Fred Crespo-Thaddeus Jones-Al Riley-Naomi D. Jakobsson-Arthur Turner</sponsors>
<sponsorhead2>Senate Sponsors</sponsorhead2><altsponsors>(Sen. Toi W. Hutchinson, Michael W. Frerichs and Dan Kotowski)</altsponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 200/1-55</reference><aliasreference></aliasreference><SynopsisText>     Amends the Property Tax Code. Makes a technical change in a Section concerning the definition of "33 1/3%".</SynopsisText><synopsistitle>House Floor Amendment No. 2</synopsistitle>
<reftype>Deletes reference to:</reftype><reference>35 ILCS 200/1-55</reference><aliasreference></aliasreference><reftype>Adds reference to:</reftype><reference>35 ILCS 200/9-195</reference><aliasreference></aliasreference><reference>35 ILCS 200/15-161 new</reference><aliasreference></aliasreference><SynopsisText>Replaces everything after the enacting clause. Amends the Property Tax Code. Provides that all property of a municipal airport belonging to a single municipality with less than 50,000 inhabitants in a county with more than 3,000,000 inhabitants is exempt from taxation under the Code. Provides that all property of a municipal airport belonging to a single municipality with less than 50,000 inhabitants in a county with more than 3,000,000 inhabitants that is leased to a public or private entity is exempt from leasehold taxes under the Code. Effective immediately.</SynopsisText><synopsistitle>Senate Floor Amendment No. 1</synopsistitle>
<reftype>Deletes reference to:</reftype><reference>35 ILCS 200/9-195</reference><aliasreference></aliasreference><reference>35 ILCS 200/15-161</reference><aliasreference></aliasreference><reftype>Adds reference to:</reftype><reference>New Act</reference><aliasreference></aliasreference><reference>35 ILCS 5/223 new</reference><aliasreference></aliasreference><SynopsisText>Replaces everything after the enacting clause. Creates the Interactive Digital Media Tax Credit Act. Entitles interactive digital media companies that meet certain requirements to an income tax credit based on the amount of the Illinois labor expenditure and Illinois production spending approved by the Department of Commerce and Economic Opportunity for the production. Authorizes taxpayers to take the credit beginning in the taxable year in which the company has met the investment requirement. Provides for the transfer of credits. Requires the Department to submit a report concerning the program to the General Assembly no later than July 1, 2017. Provides that the Act is repealed on July 1, 2018. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.</SynopsisText><synopsistitle>Senate Floor Amendment No. 2</synopsistitle>
<SynopsisText>Under the definition of "base Illinois production spending", provides that the average amount of expenses incurred by the applicant for all productions in calendar years 2009, 2010, and 2011 includes compensation paid to vendors for contractual or salaried employees of the vendor (rather than compensation paid to contractual or salaried employees) who are Illinois residents and who perform services with respect to the accredited production. Provides that "credit" means (i) an amount equal to 30% of the (a) Illinois production spending and (b) Illinois labor expenditure for the taxable year; and (ii) an additional amount equal to 5% of the Illinois production spending if the accredited production company is located in a geographic area of high poverty or high unemployment. Under the definition of "Illinois production spending", provides that the expenses incurred by the applicant for an accredited production above the base Illinois production spending include the compensation paid by a vendor for contractual or salaried employees of the vendor (rather than, the compensation for contractual or salaried employees) who are Illinois residents performing services with respect to the accredited production. Further amends the Illinois Income Tax Act to delete a provision exempting the Section concerning the Interactive Digital Media Tax Credit from the sunset provisions of the Act.</SynopsisText></synopsis>
<actions>
<statusdate>1/31/2011</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Michael J. Madigan</action>
<statusdate>1/31/2011</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/31/2011</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/8/2011</statusdate><chamber>House</chamber><action>Assigned to Executive Committee</action>
<statusdate>3/14/2011</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Anthony DeLuca</action>
<statusdate>3/14/2011</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>3/17/2011</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Executive Committee;  011-000-000</action>
<statusdate>3/17/2011</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Tabled Pursuant to Rule 40</action>
<statusdate>3/17/2011</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>4/11/2011</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Filed with Clerk by Rep. Anthony DeLuca</action>
<statusdate>4/11/2011</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Referred to Rules Committee</action>
<statusdate>4/12/2011</statusdate><chamber>House</chamber><action>Chief Sponsor Changed to Rep. Anthony DeLuca</action>
<statusdate>4/12/2011</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Rules Refers to Counties &amp; Townships Committee</action>
<statusdate>4/12/2011</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Thaddeus Jones</action>
<statusdate>4/12/2011</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Recommends Be Adopted Counties &amp; Townships Committee;  005-000-000</action>
<statusdate>4/13/2011</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>4/13/2011</statusdate><chamber>House</chamber><action>Held on Calendar Order of Second Reading - Short Debate</action>
<statusdate>4/13/2011</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Adopted by Voice Vote</action>
<statusdate>4/13/2011</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>4/14/2011</statusdate><chamber>House</chamber><action>Third Reading - Short Debate - Passed 091-023-001</action>
<statusdate>4/14/2011</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Al Riley</action>
<statusdate>4/14/2011</statusdate><chamber>Senate</chamber><action>Arrive in Senate</action>
<statusdate>4/14/2011</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of First Reading April 15, 2011</action>
<statusdate>4/15/2011</statusdate><chamber>Senate</chamber><action>Chief Senate Sponsor Sen. Toi W. Hutchinson</action>
<statusdate>4/22/2011</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>4/22/2011</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>5/13/2011</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 31, 2011</action>
<statusdate>10/12/2011</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>10/24/2011</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading Deadline Established As November 10, 2011</action>
<statusdate>11/9/2011</statusdate><chamber>Senate</chamber><action>Do Pass Revenue;  008-000-000</action>
<statusdate>11/9/2011</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading November 9, 2011</action>
<statusdate>11/9/2011</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>11/9/2011</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading November 10, 2011</action>
<statusdate>11/28/2011</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading Deadline Established As December 31, 2011</action>
<statusdate>1/14/2012</statusdate><chamber>Senate</chamber><action>Pursuant to Senate Rule 3-9(b) / Referred to Assignments</action>
<statusdate>5/9/2012</statusdate><chamber>Senate</chamber><action>Approved for Consideration Assignments</action>
<statusdate>5/9/2012</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading May 10, 2012</action>
<statusdate>5/11/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Filed with Secretary by Sen. Toi W. Hutchinson</action>
<statusdate>5/11/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Referred to Assignments</action>
<statusdate>5/11/2012</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Michael W. Frerichs</action>
<statusdate>5/15/2012</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Dan Kotowski</action>
<statusdate>5/15/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Assignments Refers to Revenue</action>
<statusdate>5/15/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Filed with Secretary by Sen. Toi W. Hutchinson</action>
<statusdate>5/15/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Referred to Assignments</action>
<statusdate>5/16/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Assignments Refers to Revenue</action>
<statusdate>5/16/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Recommend Do Adopt Revenue;  009-000-000</action>
<statusdate>5/16/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Recommend Do Adopt Revenue;  009-000-000</action>
<statusdate>5/24/2012</statusdate><chamber>Senate</chamber><action>Recalled to Second Reading</action>
<statusdate>5/24/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Adopted; Hutchinson</action>
<statusdate>5/24/2012</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Adopted; Hutchinson</action>
<statusdate>5/24/2012</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading</action>
<statusdate>5/24/2012</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 048-009-000</action>
<statusdate>5/24/2012</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>5/24/2012</statusdate><chamber>House</chamber><action>Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 2</action>
<statusdate>5/24/2012</statusdate><chamber>House</chamber><action>Chief Sponsor Changed to Rep. Fred Crespo</action>
<statusdate>5/24/2012</statusdate><chamber>House</chamber><action>Senate Floor Amendment No. 1 Motion Filed Concur Rep. Fred Crespo</action>
<statusdate>5/24/2012</statusdate><chamber>House</chamber><action>Senate Floor Amendment No. 2 Motion Filed Concur Rep. Fred Crespo</action>
<statusdate>5/24/2012</statusdate><chamber>House</chamber><action>Senate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee</action>
<statusdate>5/24/2012</statusdate><chamber>House</chamber><action>Senate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee</action>
<statusdate>5/25/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Naomi D. Jakobsson</action>
<statusdate>5/26/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Arthur Turner</action>
<statusdate>7/27/2012</statusdate><chamber>House</chamber><action>Rule 19(b) / Re-referred to Rules Committee</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

