Illinois General Assembly - Bill Status for HB5378
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 Bill Status of HB5378 General Assembly

Short Description:  RURAL JOBS TAX CREDIT

House Sponsors
Rep. Dave Severin - Terri Bryant - Patrick Windhorst - Avery Bourne

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

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/229 new

Synopsis As Introduced
Creates the Rural Job Creation Tax Credit Act. Provides that a taxpayer may claim a nonrefundable income tax credit for rural job creation equal to a percentage of the taxpayer's purchase of an equity interest in a rural investment company or purchase of a debt instrument issued by the rural investment company. Effective immediately.

DateChamber Action
  2/14/2020HouseFiled with the Clerk by Rep. Dave Severin
  2/14/2020HouseChief Co-Sponsor Rep. Terri Bryant
  2/14/2020HouseChief Co-Sponsor Rep. Patrick Windhorst
  2/14/2020HouseChief Co-Sponsor Rep. Avery Bourne
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  1/13/2021HouseSession Sine Die

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