LAWFER-FEIGENHOLTZ. New Act 30 ILCS 105/5.449 new 35 ILCS 5/211 new Creates the Economic Development Income Tax Credit Board Act. Creates the Economic Development Income Tax Credit Board and authorizes the Board to enter into tax credit agreements with taxpayers that grant income tax credits to taxpayers who create jobs. The tax credits shall be in the amount of and for the duration deter- mined by the Board on a case by case basis not to exceed 10 years. Establishes certain conditions for qualifying for a tax credit. Amends the State Finance Act to establish the Economic Development for Illinois' Economy Fund. Amends the Illinois Income Tax Act to provide for credit awarded under the Economic Development Income Credit Board Act. Effective immediately. 97-03-04 H FIRST READING 97-03-04 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-03-05 H ASSIGNED TO COMMITTEE REVENUE 97-03-12 H ADDED AS A JOINT SPONSOR FEIGENHOLTZ 97-03-21 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary