REVENUE-BILL PAYMENT Senate SponsorsSen. Toi W. Hutchinson-Melinda Bush-Kimberly A. Lightford-Jacqueline Y. Collins 1/10/2017SenateSession Sine Die 35 ILCS 5/203from Ch. 120, par. 2-20335 ILCS 5/901from Ch. 120, par. 9-90135 ILCS 5/1501from Ch. 120, par. 15-150130 ILCS 105/5.866 new30 ILCS 105/6z-101 newAmends the Illinois Income Tax Act. 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. Makes changes concerning the definition of "unitary business group". Provides that those moneys shall be deposited into the Bill Payment Trust Fund. Amends the State Finance Act to create the Fund. Effective immediately.Senate Committee Amendment No. 2 Adds reference to:35 ILCS 5/804from Ch. 120, par. 8-804Removes provisions from the introduced bill that (i) create the Bill Payment Trust Fund and (ii) provide for deposits into that Fund. Provides that no penalty shall apply with respect to an underpayment of estimated tax for the first, second, or third quarter of any taxable year ending on or after December 31, 2015 and ending prior to December 31, 2016 if (i) the underpayment was due to the changes made by the amendatory Act, (ii) the payment was otherwise timely made, and (iii) the balance due is included with the taxpayer's estimated tax payment for the fourth quarter. 2/3/2015SenateFiled with Secretary by Sen. Toi W. Hutchinson 2/3/2015SenateFirst Reading 2/3/2015SenateReferred to Assignments 2/11/2015SenateAssigned to Revenue 3/5/2015SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Toi W. Hutchinson 3/5/2015SenateSenate Committee Amendment No. 1 Referred to Assignments 3/10/2015SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue 3/11/2015SenateAdded as Chief Co-Sponsor Sen. Melinda Bush 3/12/2015SenatePostponed - Revenue 3/12/2015SenateSenate Committee Amendment No. 1 Postponed - Revenue 3/13/2015SenateAdded as Chief Co-Sponsor Sen. Kimberly A. Lightford 3/17/2015SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Toi W. Hutchinson 3/17/2015SenateSenate Committee Amendment No. 2 Referred to Assignments 3/18/2015SenateSenate Committee Amendment No. 2 Assignments Refers to Revenue 3/18/2015SenateSenate Committee Amendment No. 2 Adopted 3/19/2015SenateDo Pass as Amended Revenue; 007-004-000 3/19/2015SenatePlaced on Calendar Order of 2nd Reading March 24, 2015 3/24/2015SenateSecond Reading 3/24/2015SenatePlaced on Calendar Order of 3rd Reading March 25, 2015 3/27/2015SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments 4/22/2015SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins 4/24/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015 5/15/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015 10/8/2015SenateRule 2-10 Third Reading Deadline Established As October 20, 2015 10/10/2015SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments 1/10/2017SenateSession Sine Die