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<xml>
<title>Illinois General Assembly - Bill Status for SB 676          </title>
<shortdesc>INC TX-EARNED INCOME CREDIT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Jacqueline Y. Collins-Toi W. Hutchinson-David Koehler, John G. Mulroe, Heather A. Steans, Dan Kotowski, Melinda Bush-Terry Link, Daniel Biss, Linda Holmes, Kimberly A. Lightford-Don Harmon, Michael Noland, Kwame Raoul, Bill Cunningham, Wm. Sam McCann, Ira I. Silverstein, Emil Jones, III and Pamela J. Althoff</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/212</reference><aliasreference></aliasreference><SynopsisText>Amends the Illinois Income Tax Act. Increases the earned income tax credit to (i) 12% of the federal tax credit for each taxable year beginning on or after January 1, 2015 and ending prior to December 31, 2016, (ii) 14% of the federal tax credit for each taxable year beginning on or after January 1, 2016 and ending prior to December 31, 2017, (iii) 16% of the federal tax credit for each taxable year beginning on or after January 1, 2017 and ending prior to December 31, 2018, (iv) 18% of the federal tax credit for each taxable year beginning on or after January 1, 2018 and ending prior to December 31, 2019, and (v) 20% of the federal tax credit for each taxable year beginning on or after January 1, 2019. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/3/2015</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Toi W. Hutchinson</action>
<statusdate>2/3/2015</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/3/2015</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/11/2015</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/3/2015</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. David Koehler</action>
<statusdate>3/3/2015</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. John G. Mulroe</action>
<statusdate>3/3/2015</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Heather A. Steans</action>
<statusdate>3/3/2015</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Dan Kotowski</action>
<statusdate>3/3/2015</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Melinda Bush</action>
<statusdate>3/3/2015</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Terry Link</action>
<statusdate>3/3/2015</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Daniel Biss</action>
<statusdate>3/4/2015</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Linda Holmes</action>
<statusdate>3/4/2015</statusdate><chamber>Senate</chamber><action>Chief Sponsor Changed to Sen. Jacqueline Y. Collins</action>
<statusdate>3/4/2015</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Toi W. Hutchinson</action>
<statusdate>3/4/2015</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Kimberly A. Lightford</action>
<statusdate>3/4/2015</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Don Harmon</action>
<statusdate>3/4/2015</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Michael Noland</action>
<statusdate>3/5/2015</statusdate><chamber>Senate</chamber><action>To Subcommittee on Tax Credits</action>
<statusdate>3/5/2015</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Kwame Raoul</action>
<statusdate>3/5/2015</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Bill Cunningham</action>
<statusdate>3/6/2015</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Wm. Sam McCann</action>
<statusdate>3/10/2015</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Ira I. Silverstein</action>
<statusdate>3/18/2015</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Emil Jones, III</action>
<statusdate>3/24/2015</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Pamela J. Althoff</action>
<statusdate>3/27/2015</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 24, 2015</action>
<statusdate>4/24/2015</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015</action>
<statusdate>5/15/2015</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015</action>
<statusdate>10/10/2015</statusdate><chamber>Senate</chamber><action>Pursuant to Senate Rule 3-9(b) / Referred to Assignments</action>
<statusdate>1/10/2017</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

