Illinois 93rd Regular Session Status: In Committee

SB 1433 — TAX EXEMPTION SUNSETS

Last action — Session Sine Die

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 93rd Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the Illinois Income Tax Act. Provides that the rate reduction for certain foreign insurers applies to taxable years ending on or before June 30, 2005 (now, no sunset). Provides that the Economic Development for a Growing Economy Tax Credit is available only for tax years ending on or before June 30, 2005 (now, no sunset). Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides for a sunset of June 30, 2005 for exemptions for: certain personal property purchased through fundraising events for the benefit of a public or private elementary or secondary school; certain machines and parts for machines used in commercial, coin-operated amusement and vending business; certain medical-related computers and communications equipment sold to a lessor who leases the equipment to a hospital that has been issued an active tax exemption identification number; personal property sold to a lessor who leases the property to a governmental body that has been issued an active tax exemption identification number; and tangible personal property purchased from an Illinois retailer and destined for use or consumption outside Illinois (now, no sunset, except for tangible personal property destined for use or consumption outside Illinois which has a statutory sunset date). Amends the Liquor Control Act of 1934. Deletes provisions authorizing electronic filing of the tax and associated report by a manufacturer or distributor of alcoholic liquor. Effective immediately, except that the changes to the Liquor Control Act of 1934 take effect on July 1, 2004.

Bill Text

Action History

  1. Session Sine Die

  2. Rule 3-9(a) / Re-referred to Rules

  3. Postponed - Revenue

  4. Postponed - Revenue

  5. Assigned to Revenue

  6. Referred to Rules

  7. First Reading

  8. Filed with Secretary by Sen. Barack Obama

Sponsors

  • Barack Obama · Cosponsor

Sponsorship breakdown

Export CSV (upgrade) →

0 sponsors · 1 co-sponsors · 182 not signed on

Sponsors (0)

None.

Co-sponsors (1)

  • Barack Obama

Not signed on (182)

182 members have not signed on to this bill.

Show all 182 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 1433 do?
Amends the Illinois Income Tax Act. Provides that the rate reduction for certain foreign insurers applies to taxable years ending on or before June 30, 2005 (now, no sunset). Provides that the Economic Development for a Growing Economy Tax Credit is available only for tax years ending on or before June 30, 2005 (now, no sunset). Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides for a sunset of June 30, 2005 for exemptions for: certain personal property purchased through fundraising events for the benefit of a public or private elementary or secondary school; certain machines and parts for machines used in commercial, coin-operated amusement and vending business; certain medical-related computers and communications equipment sold to a lessor who leases the equipment to a hospital that has been issued an active tax exemption identification number; personal property sold to a lessor who leases the property to a governmental body that has been issued an active tax exemption identification number; and tangible personal property purchased from an Illinois retailer and destined for use or consumption outside Illinois (now, no sunset, except for tangible personal property destined for use or consumption outside Illinois which has a statutory sunset date). Amends the Liquor Control Act of 1934. Deletes provisions authorizing electronic filing of the tax and associated report by a manufacturer or distributor of alcoholic liquor. Effective immediately, except that the changes to the Liquor Control Act of 1934 take effect on July 1, 2004.
Who sponsors SB 1433?
SB 1433 is sponsored by Barack Obama.
What is the current status of SB 1433?
This bill died with 93rd Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 1433?
Track SB 1433 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 1433

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 1433

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →