Bill Status of HB 2791   93rd General Assembly

Short Description:  INC TAX-EDGE CREDIT-EXTEND

House Sponsors
Rep. William B. Black-Elizabeth Coulson-Randall M. Hultgren-Bill Mitchell-Bob Biggins, Roger L. Eddy, Sidney H. Mathias and Rosemary Mulligan

Last Action  View All Actions

DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/211
35 ILCS 10/5-20
35 ILCS 10/5-45

Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that the duration of the credit may not exceed 15 (now, 10) taxable years. In provisions setting forth requirements for applicants for the credit, provides that for projects determined to be eligible because they meet the investment and new employee criteria established by the Department of Commerce and Community Affairs, the Department shall approve those that will provide a return on the State's investment. Amends the Illinois Income Tax Act to make the commensurate change extending the duration of the credit to 15 years. Effective immediately.

Actions 
DateChamber Action
  2/21/2003HouseFiled with the Clerk by Rep. William B. Black
  2/21/2003HouseChief Co-Sponsor Rep. Elizabeth Coulson
  2/21/2003HouseChief Co-Sponsor Rep. Randall M. Hultgren
  2/21/2003HouseChief Co-Sponsor Rep. Bill Mitchell
  2/21/2003HouseChief Co-Sponsor Rep. Bob Biggins
  2/21/2003HouseFirst Reading
  2/21/2003HouseReferred to Rules Committee
  2/25/2003HouseAdded Co-Sponsor Rep. Roger L. Eddy
  2/25/2003HouseAdded Co-Sponsor Rep. Sidney H. Mathias
  2/25/2003HouseAdded Co-Sponsor Rep. Rosemary Mulligan
  2/26/2003HouseAssigned to Revenue Committee
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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