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<xml>
<title>Illinois General Assembly - Bill Status for SB 3429         </title>
<shortdesc>INC TX-EARNED INCOME CREDIT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Heather A. Steans-Robert Peters-Melinda Bush-Jacqueline Y. Collins-Omar Aquino, Ram Villivalam, Bill Cunningham, David Koehler, Iris Y. Martinez, Emil Jones, III, Robert F. Martwick, Ann Gillespie, Celina Villanueva and Sara Feigenholtz</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/212</reference><aliasreference></aliasreference><reference>35 ILCS 5/703</reference><aliasreference>from Ch. 120, par. 7-703</aliasreference><reference>820 ILCS 170/5</reference><aliasreference>from Ch. 48, par. 2755</aliasreference><reference>820 ILCS 170/10</reference><aliasreference>from Ch. 48, par. 2760</aliasreference><reference>820 ILCS 170/15</reference><aliasreference>from Ch. 48, par. 2765</aliasreference><reference>820 ILCS 170/17 new</reference><aliasreference></aliasreference><reference>820 ILCS 170/20</reference><aliasreference>from Ch. 48, par. 2770</aliasreference><SynopsisText>Amends the Illinois Income Tax Act. Provides that the State earned income tax credit shall be: (i) 19% of the federal tax credit for each taxable year beginning on or after January 1, 2022 and beginning before January 1, 2023; and (ii) 20% of the federal credit for each taxable year beginning on or after January 1, 2023. Requires the Department of Revenue and certain institutions of higher education to provide certain notices concerning the federal and State earned income tax credits. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/14/2020</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Heather A. Steans</action>
<statusdate>2/14/2020</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/14/2020</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/20/2020</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Robert Peters</action>
<statusdate>2/20/2020</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Melinda Bush</action>
<statusdate>2/20/2020</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins</action>
<statusdate>2/21/2020</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Omar Aquino</action>
<statusdate>2/25/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Ram Villivalam</action>
<statusdate>2/26/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Bill Cunningham</action>
<statusdate>2/27/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. David Koehler</action>
<statusdate>2/27/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Iris Y. Martinez</action>
<statusdate>3/3/2020</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/4/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Emil Jones, III</action>
<statusdate>3/4/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Robert F. Martwick</action>
<statusdate>3/5/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Ann Gillespie</action>
<statusdate>3/5/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Celina Villanueva</action>
<statusdate>3/18/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 2, 2020</action>
<statusdate>3/25/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 24, 2020</action>
<statusdate>3/25/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading/Passage Deadline Established As May 7, 2020</action>
<statusdate>4/12/2020</statusdate><chamber>Senate</chamber><action>Pursuant to Senate Rule 3-9(b) / Referred to Assignments</action>
<statusdate>4/16/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 30, 2020</action>
<statusdate>4/23/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 7, 2020</action>
<statusdate>4/23/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading/Passage Deadline Established As May 15, 2020</action>
<statusdate>4/30/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 15, 2020</action>
<statusdate>4/30/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading/Passage Deadline Established As May 22, 2020</action>
<statusdate>5/7/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 22, 2020</action>
<statusdate>5/7/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading/Passage Deadline Established As May 29, 2020</action>
<statusdate>5/15/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020</action>
<statusdate>12/21/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Sara Feigenholtz</action>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

