Bill Status of HB 3774   96th General Assembly

Short Description:  TRADE SHOW TAX CREDIT

House Sponsors
Rep. Edward J. Acevedo-Lou Lang

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/218 new

Synopsis As Introduced
Creates the Trade Show Income Tax Credit Act. Authorizes the Department of Commerce and Economic Opportunity to award income tax credits to trade show managers for locating large trade shows in Illinois and using Illinois labor. The credit ranges from 25% to 45% of Illinois labor expenditures, up to $10,000 per applicant per trade show. Promotes training and recruitment and a diversity plan. Allows for transfers of credits. Requires reports by the Department. Amends the Illinois Income Tax Act to implement the credit. Effective immediately.

Actions 
DateChamber Action
  2/25/2009HouseFiled with the Clerk by Rep. Edward J. Acevedo
  2/25/2009HouseFirst Reading
  2/25/2009HouseReferred to Rules Committee
  3/3/2009HouseAssigned to Revenue & Finance Committee
  3/5/2009HouseAdded Chief Co-Sponsor Rep. Lou Lang
  3/13/2009HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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