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type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
type title description jurisdiction legislature session identifier citation classification subjects status primary_sponsors version_count action_count vote_count first_action last_action source source_identifier source_url source_hash vintage source_snapshot retrieved_at confidence tags
Bill NEW MARKETS DEVELOPMENT Creates the New Markets Development Program Act. Defines terms. Provides that taxpayers that make a qualified equity investment earn a vested right to certain tax credits against income, franchise, and insurance premium taxes. Credits are not transferable. Sets annual caps on credits. Provides for recapture. Authorizes the Department of Commerce and Economic Opportunity to promulgate rules. Sunsets after fiscal year 2012 unless reauthorized by the General Assembly. Contains other provisions. Effective immediately. us/states/il Illinois General Assembly 95th SB 2015 Illinois SB 2015 (95th)
bill
enacted
3 67 4 2008-02-07 2008-12-31 openstates ocd-bill/c985252e-b08e-49ba-b3ba-8a1d251127eb http://ilga.gov/legislation/BillStatus.asp?DocNum=2015&GAID=9&DocTypeID=SB&LegId=35380&SessionID=51&GA=95 5213ba157d3d9734836f493066e39b808f8986cbb24184960887792abb9ea553 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
bill
us-il

Illinois SB 2015 (95th) — NEW MARKETS DEVELOPMENT

Creates the New Markets Development Program Act. Defines terms. Provides that taxpayers that make a qualified equity investment earn a vested right to certain tax credits against income, franchise, and insurance premium taxes. Credits are not transferable. Sets annual caps on credits. Provides for recapture. Authorizes the Department of Commerce and Economic Opportunity to promulgate rules. Sunsets after fiscal year 2012 unless reauthorized by the General Assembly. Contains other provisions. Effective immediately.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

  1. Introduced (filed) — source
  2. Engrossed (committee substitute) — source
  3. Enrolled (enrolled) — source

Votes

  • Concurrence — 570 (pass) · upper
  • Third Reading — 1100 (pass) · lower
  • Concurrence, Amendment 2 — 570 (pass) · upper
  • Third Reading — 520 (pass) · upper

Sponsors

  • Eddie Washington — cosponsor (person)
  • James F. Clayborne, Jr. — primary (person)
  • Milton Patterson — cosponsor (person)

Timeline

The legislative action history — every referral, reading, and vote.

  • 2008-02-07 Filed with Secretary by Sen. James F. Clayborne, Jr. filing
  • 2008-02-07 First Reading reading-1
  • 2008-02-07 Referred to Rules referral-committee
  • 2008-02-14 Assigned to Revenue referral-committee
  • 2008-02-20 Added as Chief Co-Sponsor Sen. Michael W. Frerichs
  • 2008-02-21 Added as Co-Sponsor Sen. Bill Brady
  • 2008-02-28 Postponed - Revenue
  • 2008-03-06 Do Pass Revenue; 007-000-001 committee-passage
  • 2008-03-06 Placed on Calendar Order of 2nd Reading March 11, 2008
  • 2008-03-06 Added as Chief Co-Sponsor Sen. Chris Lauzen
  • 2008-03-11 Added as Co-Sponsor Sen. Pamela J. Althoff
  • 2008-03-12 Second Reading reading-2
  • 2008-03-12 Placed on Calendar Order of 3rd Reading March 13, 2008
  • 2008-04-01 Third Reading - Passed; 052-000-000 reading-3, passage
  • 2008-04-01 Arrived in House introduction
  • 2008-04-01 Placed on Calendar Order of First Reading reading-1
  • 2008-04-02 Chief House Sponsor Rep. Arthur L. Turner
  • 2008-04-02 First Reading reading-1
  • 2008-04-02 Referred to Rules Committee referral-committee
  • 2008-04-30 Assigned to Revenue Committee referral-committee
  • 2008-05-09 Committee Deadline Extended-Rule 9(b) May 23, 2008
  • 2008-05-20 Moved to Suspend Rule 25 Rep. Barbara Flynn Currie
  • 2008-05-20 Motion to Suspend Rule 25 - Prevailed
  • 2008-05-20 House Committee Amendment No. 1 Filed with Clerk by Revenue Committee amendment-introduction
  • 2008-05-20 House Committee Amendment No. 1 Adopted in Revenue Committee; by Voice Vote amendment-passage
  • 2008-05-20 Do Pass as Amended / Short Debate Revenue Committee; 008-000-000 committee-passage
  • 2008-05-20 Placed on Calendar 2nd Reading - Short Debate
  • 2008-05-20 Second Reading - Short Debate reading-2
  • 2008-05-20 Held on Calendar Order of Second Reading - Short Debate reading-2
  • 2008-05-22 House Floor Amendment No. 2 Filed with Clerk by Rep. Arthur L. Turner amendment-introduction
  • 2008-05-22 House Floor Amendment No. 2 Referred to Rules Committee referral-committee
  • 2008-05-23 Final Action Deadline Extended-9(b) May 31, 2008
  • 2008-05-27 House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000 committee-passage-favorable
  • 2008-05-28 House Floor Amendment No. 2 Adopted by Voice Vote amendment-passage
  • 2008-05-28 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2008-05-29 Added Alternate Chief Co-Sponsor Rep. LaShawn K. Ford
  • 2008-05-29 Added Alternate Chief Co-Sponsor Rep. Monique D. Davis
  • 2008-05-29 Added Alternate Chief Co-Sponsor Rep. Mike Boland
  • 2008-05-29 Added Alternate Chief Co-Sponsor Rep. Charles E. Jefferson
  • 2008-05-29 Added Alternate Co-Sponsor Rep. Milton Patterson
  • 2008-05-29 Added Alternate Co-Sponsor Rep. Eddie Washington
  • 2008-05-29 Third Reading - Short Debate - Passed 110-000-000 reading-3, passage
  • 2008-05-30 Secretary's Desk - Concurrence House Amendment(s) 01,02
  • 2008-05-30 Placed on Calendar Order of Concurrence House Amendment(s) 01,02-May 31, 2008
  • 2008-05-30 House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. James F. Clayborne, Jr. filing
  • 2008-05-30 House Committee Amendment No. 1 Motion to Concur Referred to Rules referral-committee
  • 2008-05-30 House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. James F. Clayborne, Jr. filing
  • 2008-05-30 House Floor Amendment No. 2 Motion to Concur Referred to Rules referral-committee
  • 2008-05-30 House Committee Amendment No. 1 Motion to Non-Concur Filed with Secretary Sen. James F. Clayborne, Jr. filing
  • 2008-05-30 House Floor Amendment No. 2 Motion to Non-Concur Filed with Secretary Sen. James F. Clayborne, Jr. filing
  • 2008-07-01 Pursuant to Senate Rule 3-9(b) / Referred to Rules referral-committee
  • 2008-11-12 Approved for Consideration Rules
  • 2008-11-12 Placed on Calendar Order of Concurrence House Amendment(s) November 13, 2008; 01,02
  • 2008-11-12 House Committee Amendment No. 1 Motion to Concur Rules Referred to Revenue referral-committee
  • 2008-11-12 House Floor Amendment No. 2 Motion to Concur Rules Referred to Revenue referral-committee
  • 2008-11-13 House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue; 007-000-000
  • 2008-11-13 House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Revenue; 007-000-000
  • 2008-11-13 3/5 Vote Required
  • 2008-11-13 House Committee Amendment No. 1 Senate Concurs 057-000-000
  • 2008-11-13 3/5 Vote Required
  • 2008-11-13 House Floor Amendment No. 2 Senate Concurs 057-000-000
  • 2008-11-13 Added as Chief Co-Sponsor Sen. Donne E. Trotter
  • 2008-11-13 Passed Both Houses
  • 2008-12-12 Sent to the Governor executive-receipt
  • 2008-12-31 Governor Approved executive-signature
  • 2008-12-31 Effective Date December 31, 2008
  • 2008-12-31 Public Act . . . . . . . . . 95-1024 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/c985252e-b08e-49ba-b3ba-8a1d251127eb. Confidence: reported (aggregated from official Illinois legislature records).