<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 1669         </title>
<shortdesc>REVENUE-VARIOUS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. William E. Brady</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2019</statusdate><chamber>Senate</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 5/224 new</reference><aliasreference></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, 2017, 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 apprenticeship income tax credit. 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>2/9/2017</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Karen McConnaughay</action>
<statusdate>2/9/2017</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/9/2017</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>9/4/2018</statusdate><chamber>Senate</chamber><action>Chief Sponsor Changed to Sen. William E. Brady</action>
<statusdate>1/9/2019</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

