Illinois General Assembly - Bill Status for SB3153
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 Bill Status of SB3153  98th General Assembly


Short Description:  EDGE-CREDIT LIMIT

Senate Sponsors
Sen. Chris Lauzen

Last Action
DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 10/5-15


Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that, for all Agreements entered into on or after the effective date of the amendatory Act, and all modifications to or restructuring of Agreements occurring on or after the effective date of the amendatory Act, the total amount of the Credit used by any Taxpayer shall not exceed $500,000 for any taxable year, including any amount carried forward from a prior taxable year. Effective immediately.

Actions 
DateChamber Action
  2/1/2012SenateFiled with Secretary by Sen. Chris Lauzen
  2/1/2012SenateFirst Reading
  2/1/2012SenateReferred to Assignments
  2/7/2012SenateAssigned to Revenue
  3/1/2012SenateTo Revenue Subcommittee on Tax Credits
  3/9/2012SenateRule 2-10 Committee Deadline Established As March 30, 2012
  3/30/2012SenateRule 3-9(a) / Re-referred to Assignments
  1/8/2013SenateSession Sine Die

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