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<xml>
<title>Illinois General Assembly - Bill Status for HB 2791   </title>
<shortdesc>INC TAX-EDGE CREDIT-EXTEND</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. William B. Black-Elizabeth Coulson-Randall M. Hultgren-Bill Mitchell-Bob Biggins, Roger L. Eddy, Sidney H. Mathias and Rosemary Mulligan</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/211</reference><aliasreference></aliasreference><reference>35 ILCS 10/5-20</reference><aliasreference></aliasreference><reference>35 ILCS 10/5-45</reference><aliasreference></aliasreference><SynopsisText>     Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that the duration of the credit may not exceed 15 (now, 10) taxable years. In provisions setting forth requirements for applicants for the credit, provides that for projects determined to be eligible because they meet the investment and new employee criteria established by the Department of Commerce and Community Affairs, the Department shall approve those that will provide a return on the State's investment. Amends the Illinois Income Tax Act to make the commensurate change extending the duration of the credit to 15 years. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/21/2003</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. William B. Black</action>
<statusdate>2/21/2003</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Elizabeth Coulson</action>
<statusdate>2/21/2003</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Randall M. Hultgren</action>
<statusdate>2/21/2003</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Bill Mitchell</action>
<statusdate>2/21/2003</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Bob Biggins</action>
<statusdate>2/21/2003</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/21/2003</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/25/2003</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Roger L. Eddy</action>
<statusdate>2/25/2003</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Sidney H. Mathias</action>
<statusdate>2/25/2003</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Rosemary Mulligan</action>
<statusdate>2/26/2003</statusdate><chamber>House</chamber><action>Assigned to Revenue Committee</action>
<statusdate>3/13/2003</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

