Illinois General Assembly - Bill Status for HB4761
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 Bill Status of HB4761  101.th General Assembly


Short Description:  INC TX-OPPORTUNITY ZONES

House Sponsors
Rep. Ryan Spain

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/232 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 10% of the portion of the taxpayer's investment in an opportunity fund that the fund invested during the preceding calendar year in projects located in Illinois opportunity zones. Contains provisions concerning application to the Department of Commerce and Economic Opportunity.

Actions 
DateChamber Action
  2/10/2020HouseFiled with the Clerk by Rep. Ryan Spain
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  3/12/2020HouseAssigned to Revenue & Finance Committee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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