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<xml>
<title>Illinois General Assembly - Bill Status for HB 5717         </title>
<shortdesc>REVENUE-VARIOUS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Michael J. Zalewski-Jerry Costello, II and Kathleen Willis</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/201</reference><aliasreference>from Ch. 120, par. 2-201</aliasreference><reference>35 ILCS 5/203</reference><aliasreference>from Ch. 120, par. 2-203</aliasreference><reference>35 ILCS 105/3-5</reference><aliasreference></aliasreference><reference>35 ILCS 105/3-50</reference><aliasreference>from Ch. 120, par. 439.3-50</aliasreference><reference>35 ILCS 105/3-85</reference><aliasreference></aliasreference><reference>35 ILCS 110/2</reference><aliasreference>from Ch. 120, par. 439.32</aliasreference><reference>35 ILCS 110/3-5</reference><aliasreference></aliasreference><reference>35 ILCS 110/3-70</reference><aliasreference></aliasreference><reference>35 ILCS 115/2</reference><aliasreference>from Ch. 120, par. 439.102</aliasreference><reference>35 ILCS 115/3-5</reference><aliasreference></aliasreference><reference>35 ILCS 115/9</reference><aliasreference>from Ch. 120, par. 439.109</aliasreference><reference>35 ILCS 120/2-5</reference><aliasreference></aliasreference><reference>35 ILCS 120/2-45</reference><aliasreference>from Ch. 120, par. 441-45</aliasreference><reference>35 ILCS 120/3</reference><aliasreference>from Ch. 120, par. 442</aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Reinstates the research and development credit for tax years ending on or after January 1, 2016, and provides that the credit applies on a permanent basis. Provides that the credit may be carried forward for a period of 20 years (instead of 5 years). Creates an addition modification in an amount equal to the deduction for qualified domestic production activities allowed under Section 199 of the Internal Revenue Code for the taxable year. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that the manufacturing and assembling machinery and equipment exemption includes graphic arts machinery and equipment and production related tangible personal property. Provides that the exemption for coal and aggregate exploration, mining, off-highway hauling, processing, maintenance, and reclamation equipment applies on a permanent basis. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/10/2016</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Michael J. Zalewski</action>
<statusdate>2/10/2016</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/10/2016</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/2/2016</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kathleen Willis</action>
<statusdate>3/23/2016</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/29/2016</statusdate><chamber>House</chamber><action>To Sales and Other Taxes Subcommittee</action>
<statusdate>3/30/2016</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Jerry Costello, II</action>
<statusdate>4/8/2016</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

