Illinois · House Bill 1241 · 103rd General Assembly

ENDOW ILLINOIS CREDIT

HB 1241 Sponsored by Margaret Croke Died in committee

  1. Introduced Jan 18, 2023
  2. In committee Jan 31, 2023
  3. Died  
  4. Passed the Senate  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Creates the Endow Illinois Tax Credit Act. Provides that the Department of Revenue shall award income tax credits to taxpayers who provide an endowment gift to a permanent endowment fund during the taxable year and receive a certificate of receipt for that gift. Provides that the credit is equal to 25% of the endowment gift. Contains provisions setting forth maximum credit amounts. Amends the Illinois Income Tax Act…

Read the full title (105 words)

Creates the Endow Illinois Tax Credit Act. Provides that the Department of Revenue shall award income tax credits to taxpayers who provide an endowment gift to a permanent endowment fund during the taxable year and receive a certificate of receipt for that gift. Provides that the credit is equal to 25% of the endowment gift. Contains provisions setting forth maximum credit amounts. Amends the Illinois Income Tax Act to require an addition modification equal to the amount of any federal deduction claimed for an endowment gift for which a taxpayer receives a credit under the Endow Illinois Tax Credit Act. Makes conforming changes. Effective immediately.

Every action

55 steps, oldest first, as the legislature records them.

Show the 47 earlier steps
  1. HouseFiled with the Clerk by Rep. Margaret Croke
  2. HouseAdded Chief Co-Sponsor Rep. Norine K. Hammond
  3. HouseAdded Co-Sponsor Rep. William "Will" Davis
  4. HouseAdded Co-Sponsor Rep. Joe C. Sosnowski
  5. HouseFirst Reading
  6. CommitteeReferred to Rules Committee · House Rules
  7. CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
  8. HouseAdded Co-Sponsor Rep. Robert "Bob" Rita
  9. HouseAdded Co-Sponsor Rep. Dan Swanson
  10. HouseAdded Co-Sponsor Rep. Maurice A. West, II
  11. CommitteeTo Revenue - Tax Credit and Incentives Subcommittee · House Tax Credit and Incentives Subcommi
  12. HouseAdded Chief Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
  13. HouseAdded Co-Sponsor Rep. Travis Weaver
  14. HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Margaret Croke
  15. CommitteeHouse Committee Amendment No. 1 Referred to Rules Committee · House Rules
  16. CommitteeHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee · House Revenue & Finance
  17. CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
  18. CommitteeHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee · House Rules
  19. HouseAdded Chief Co-Sponsor Rep. Ryan Spain
  20. HouseAdded Co-Sponsor Rep. Dave Severin
  21. HouseAdded Co-Sponsor Rep. Edgar González, Jr.
  22. HouseAdded Co-Sponsor Rep. Gregg Johnson
  23. HouseAdded Co-Sponsor Rep. Joyce Mason
  24. HouseAdded Co-Sponsor Rep. Mary E. Flowers
  25. HouseAdded Co-Sponsor Rep. Bob Morgan
  26. HouseAdded Co-Sponsor Rep. Nabeela Syed
  27. HouseAdded Co-Sponsor Rep. Lilian Jiménez
  28. HouseAdded Co-Sponsor Rep. William E Hauter
  29. HouseAdded Co-Sponsor Rep. La Shawn K. Ford
  30. HouseAdded Co-Sponsor Rep. Kevin John Olickal
  31. HouseAdded Co-Sponsor Rep. Angelica Guerrero-Cuellar
  32. HouseAdded Chief Co-Sponsor Rep. Natalie A. Manley
  33. HouseAdded Co-Sponsor Rep. Diane Blair-Sherlock
  34. HouseAdded Co-Sponsor Rep. Aarón M. Ortíz
  35. HouseAdded Co-Sponsor Rep. Matt Hanson
  36. HouseRemoved Co-Sponsor Rep. Lilian Jiménez
  37. HouseAdded Co-Sponsor Rep. Katie Stuart
  38. HouseAdded Co-Sponsor Rep. Dagmara Avelar
  39. HouseAdded Co-Sponsor Rep. Dave Vella
  40. HouseAdded Co-Sponsor Rep. Anna Moeller
  41. CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
  42. CommitteeHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee · House Revenue & Finance
  43. HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Margaret Croke
  44. CommitteeHouse Committee Amendment No. 2 Referred to Rules Committee · House Rules
  45. HouseAdded Co-Sponsor Rep. Harry Benton
  46. CommitteeHouse Committee Amendment No. 2 Rules Refers to Revenue & Finance Committee · House Revenue & Finance
  47. CommitteeTo Revenue - Tax Credit and Incentives Subcommittee · House Tax Credit and Incentives Subcommi
  1. CommitteeHouse Committee Amendment No. 1 To Revenue - Tax Credit and Incentives Subcommittee · House Tax Credit and Incentives Subcommi
  2. CommitteeHouse Committee Amendment No. 2 To Revenue - Tax Credit and Incentives Subcommittee · House Tax Credit and Incentives Subcommi
  3. CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
  4. CommitteeHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee · House Rules
  5. CommitteeHouse Committee Amendment No. 2 Rule 19(c) / Re-referred to Rules Committee · House Rules
  6. HouseAdded Co-Sponsor Rep. Jay Hoffman
  7. HouseAdded Co-Sponsor Rep. Sharon Chung
  8. HouseSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 31 cosponsors: 24 Democrats, 7 Republicans.

All 31 cosponsors

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.