INC TAX- COLLEGE SAVINGS PLAN Senate SponsorsSen. Rickey R. Hendon, Carole Pankau, Terry Link, Jeffrey M. Schoenberg, Michael Noland, Bill Brady, Linda Holmes, Edward D. Maloney, Pamela J. Althoff, Matt Murphy, John O. Jones, Larry K. Bomke, J. Bradley Burzynski, M. Maggie Crotty-Jacqueline Y. Collins, Iris Y. Martinez, Louis S. Viverito, Frank C. Watson and Gary G. Dahl-Mattie Hunter House Sponsors(Rep. Frank J. Mautino-David E. Miller-Lou Lang-Angelo Saviano-Thomas Holbrook, Elizabeth Hernandez, Fred Crespo, Tom Cross, Arthur L. Turner, Jack D. Franks, Linda Chapa LaVia, Jack McGuire, Suzanne Bassi, Patricia Reid Lindner, Julie Hamos, Patricia R. Bellock and Joseph M. Lyons) 12/15/2008SenatePublic Act . . . . . . . . . 95-1006 35 ILCS 5/218 new110 ILCS 947/5110 ILCS 947/20Amends the Higher Education Student Assistance Act and the Illinois Income tax Act. Authorizes the Illinois Student Assistance Commission to establish systems and programs to encourage employers to match employee contributions to prepaid programs of college savings by making donations to the Commission for prepaid programs of college savings and its programs of grants and loans to make higher education affordable for all residents of the State and to receive, hold, and disburse all such funds made available through those programs for the purposes for which they are authorized by rule or by law. Creates an income tax credit for employers who, during the taxable year, make a matching donation to the Illinois Student Assistance Commission on behalf of an employee. Provides that the credit is 25% of the matching donation, but not to exceed $500 per employee. Provides that the credit may be carried forward for 3 taxable years. Effective immediately.Senate Committee Amendment No. 1 In the Illinois Income Tax Act, with respect to the credit for student-assistance contributions, deletes a requirement that the donation be made to the Illinois Student Assistance Commission. Makes other changes.House Amendment No. 1 Deletes reference to:35 ILCS 5/218110 ILCS 947/5110 ILCS 947/20Adds reference to:35 ILCS 16/1035 ILCS 16/95 rep.Replaces everything after the enacting clause. Amends the Film Production Services Tax Credit Act of 2008. Repeals a Section of the Act that provides that the Act will sunset on January 1, 2009. Provides that, for an accredited production commencing on or after January 1, 2009, the amount of the credit is (i) 30% (instead of 20%) of the Illinois production spending for the taxable year, and (ii) 15% of the Illinois labor expenditures generated by the employment of residents from areas of high unemployment or high poverty. Imposes conditions on any rulemaking authority. Effective immediately. 2/7/2008SenateFiled with Secretary by Sen. James F. Clayborne, Jr. 2/7/2008SenateFirst Reading 2/7/2008SenateReferred to Rules 2/14/2008SenateAssigned to Revenue 2/20/2008SenateAdded as Co-Sponsor Sen. Carole Pankau 2/20/2008SenateAdded as Co-Sponsor Sen. Terry Link 2/20/2008SenateAdded as Co-Sponsor Sen. Jeffrey M. Schoenberg 2/20/2008SenateAdded as Co-Sponsor Sen. Michael Noland 2/21/2008SenateAdded as Co-Sponsor Sen. Bill Brady 2/28/2008SenatePostponed - Revenue 2/28/2008SenateAdded as Co-Sponsor Sen. Linda Holmes 3/5/2008SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. James F. Clayborne, Jr. 3/5/2008SenateSenate Committee Amendment No. 1 Referred to Rules 3/5/2008SenateAdded as Co-Sponsor Sen. Edward D. Maloney 3/5/2008SenateSenate Committee Amendment No. 1 Rules Refers to Revenue 3/6/2008SenateSenate Committee Amendment No. 1 Adopted 3/6/2008SenateDo Pass as Amended Revenue; 008-000-000 3/6/2008SenatePlaced on Calendar Order of 2nd Reading March 11, 2008 3/11/2008SenateAdded as Co-Sponsor Sen. Pamela J. Althoff 3/13/2008SenateSecond Reading 3/13/2008SenatePlaced on Calendar Order of 3rd Reading April 1, 2008 4/1/2008SenateAdded as Co-Sponsor Sen. Matt Murphy 4/1/2008SenateAdded as Co-Sponsor Sen. John O. Jones 4/1/2008SenateAdded as Co-Sponsor Sen. Larry K. Bomke 4/1/2008SenateAdded as Co-Sponsor Sen. J. Bradley Burzynski 4/1/2008SenateAdded as Co-Sponsor Sen. M. Maggie Crotty 4/1/2008SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins 4/1/2008SenateThird Reading - Passed; 050-000-000 4/1/2008HouseArrived in House 4/1/2008HousePlaced on Calendar Order of First Reading 4/1/2008HouseChief House Sponsor Rep. Frank J. Mautino 4/1/2008HouseAdded Alternate Chief Co-Sponsor Rep. David E. Miller 4/1/2008HouseFirst Reading 4/1/2008HouseReferred to Rules Committee 4/2/2008SenateAdded as Co-Sponsor Sen. Iris Y. Martinez 4/2/2008SenateAdded as Co-Sponsor Sen. Louis S. Viverito 4/3/2008SenateAdded as Co-Sponsor Sen. Frank C. Watson 4/9/2008SenateAdded as Co-Sponsor Sen. Gary G. Dahl 4/29/2008HouseAdded Alternate Chief Co-Sponsor Rep. Lou Lang 4/29/2008HouseAdded Alternate Co-Sponsor Rep. Elizabeth Hernandez 4/29/2008HouseAdded Alternate Co-Sponsor Rep. Fred Crespo 11/6/2008HouseFinal Action Deadline Extended-9(b) November 30, 2008 11/6/2008HouseAssigned to Revenue Committee 11/13/2008SenateChief Sponsor Changed to Sen. Rickey R. Hendon 11/19/2008HouseHouse Amendment No. 1 Filed with Clerk by Revenue Committee 11/19/2008HouseHouse Amendment No. 1 Adopted in Revenue Committee; by Voice Vote 11/19/2008HouseDo Pass as Amended / Short Debate Revenue Committee; 009-000-000 11/19/2008HousePlaced on Calendar 2nd Reading - Short Debate 11/19/2008HouseAdded Alternate Chief Co-Sponsor Rep. Angelo Saviano 11/19/2008HouseAdded Alternate Chief Co-Sponsor Rep. Thomas Holbrook 11/19/2008HouseAdded Alternate Co-Sponsor Rep. Tom Cross 11/19/2008HouseAdded Alternate Co-Sponsor Rep. Arthur L. Turner 11/19/2008HouseSecond Reading - Short Debate 11/19/2008HousePlaced on Calendar Order of 3rd Reading - Short Debate 11/20/2008House3/5 Vote Required 11/20/2008HouseThird Reading - Short Debate - Passed 108-002-000 11/20/2008HouseAdded Alternate Co-Sponsor Rep. Jack D. Franks 11/20/2008HouseAdded Alternate Co-Sponsor Rep. Linda Chapa LaVia 11/20/2008HouseAdded Alternate Co-Sponsor Rep. Jack McGuire 11/20/2008HouseAdded Alternate Co-Sponsor Rep. Suzanne Bassi 11/20/2008HouseAdded Alternate Co-Sponsor Rep. Patricia Reid Lindner 11/20/2008HouseAdded Alternate Co-Sponsor Rep. Julie Hamos 11/20/2008HouseAdded Alternate Co-Sponsor Rep. Patricia R. Bellock 11/20/2008HouseAdded Alternate Co-Sponsor Rep. Joseph M. Lyons 11/20/2008SenateSecretary's Desk - Concurrence House Amendment(s) 01 11/20/2008SenatePlaced on Calendar Order of Concurrence House Amendment(s) November 20, 2008; 01 11/20/2008SenateHouse Amendment No. 1 Motion to Concur Filed with Secretary Sen. Rickey R. Hendon 11/20/2008SenateHouse Amendment No. 1 Motion to Concur Referred to Rules 11/20/2008SenateHouse Amendment No. 1 Motion to Concur Rules Referred to Executive 11/20/2008SenateHouse Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 009-000-000 11/20/2008SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter 11/20/2008SenateHouse Amendment No. 1 3/5 Vote Required 11/20/2008SenateHouse Amendment No. 1 Senate Concurs 052-000-001 11/20/2008SenatePassed Both Houses 11/25/2008SenateSent to the Governor 12/15/2008SenateGovernor Approved 12/15/2008SenateEffective Date December 15, 2008 12/15/2008SenatePublic Act . . . . . . . . . 95-1006