Illinois General Assembly - Bill Status for HB0967

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Bill Status of HB0967 98th General Assembly

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Short Description: EDGE-REFUNDABLE

House Sponsors
Rep. Daniel V. Beiser

Last Action

Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/211

35 ILCS 10/5-45

Synopsis As Introduced
Amends the Illinois Income Tax Act and the Economic Development for a Growing Economy Tax Credit Act. Provides that the amount of any credit awarded under the Economic Development for a Growing Economy Tax Credit Act may exceed the tax liability for the year the credit is computed. Provides that excess credit amounts may be carried forward and applied to the tax liability of the 5 taxable years following the excess credit year or refunded to the Taxpayer (instead of carried forward only). Effective immediately.

Actions

Date	Chamber	Action
1/25/2013	House	Filed with the Clerk by Rep. Daniel V. Beiser
1/25/2013	House	First Reading
1/25/2013	House	Referred to Rules Committee
2/4/2013	House	Assigned to Revenue & Finance Committee
3/22/2013	House	Rule 19(a) / Re-referred to Rules Committee
12/3/2014	House	Session Sine Die

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