Illinois General Assembly - Bill Status for HB4861
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 Bill Status of HB4861  102nd General Assembly

Short Description:  EDGE-TRANSFER CREDIT

House Sponsors
Rep. Mark L. Walker

Last Action
DateChamber Action
  1/11/2011HouseSession Sine Die

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

Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that the recipient of a credit under the Act may apply for a certificate of transferability of credit from the Department of Commerce and Economic Opportunity for the amount of the credit not previously claimed. Provides that the transferability certificate may be transferred or sold by the recipient to another Illinois taxpayer. Makes other changes.

 Fiscal Note (Dept. of Revenue)
 The Illinois Department of Revenue estimates that the existing EDGE credit program costs between $24 million and $47 million annually. The program changes set forth in HB 4861 would increase that cost by between $11 million and $34 million annually.

DateChamber Action
  1/13/2010HouseFiled with the Clerk by Rep. Mark L. Walker
  1/15/2010HouseFirst Reading
  1/15/2010HouseReferred to Rules Committee
  1/27/2010HouseAssigned to Revenue & Finance Committee
  2/4/2010HouseFiscal Note Requested by Rep. Mark L. Walker
  2/17/2010HouseFiscal Note Filed
  3/15/2010HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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