House Sponsors: LAWFER-FEIGENHOLTZ. Short description: TAX CREDIT BOARD ACT Synopsis of Bill as introduced: 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. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status