Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
8.2 KiB
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 | ||||
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| 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) |
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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 |
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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.
Votes
- Concurrence — 57–0 (pass) · upper
- Third Reading — 110–0 (pass) · lower
- Concurrence, Amendment 2 — 57–0 (pass) · upper
- Third Reading — 52–0 (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).