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<xml>
<title>Illinois General Assembly - Bill Status for HB 4887   </title>
<shortdesc>INC TAX-INVESTMENT CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Bob Biggins-Ed Sullivan, Jr., Jack D. Franks and Randall M. Hultgren</sponsors>
<sponsorhead2>Senate Sponsors</sponsorhead2><altsponsors>(Sen. Denny Jacobs-Chris Lauzen)</altsponsors>
</sponsor>
<lastaction>
<statusdate>8/6/2004</statusdate><chamber>House</chamber><action>Public Act . . . . . . . . . 93-0871</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/201</reference><aliasreference>from Ch. 120, par. 2-201</aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Provides that, with respect to the investment credit, the basis of qualified property shall not include costs incurred after December 31, 2008 (now, 2003), except for costs incurred pursuant to a binding contract entered into on or before December 31, 2008 (now, 2003). Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/4/2004</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Bob Biggins</action>
<statusdate>2/4/2004</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Ed Sullivan, Jr.</action>
<statusdate>2/4/2004</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/4/2004</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/18/2004</statusdate><chamber>House</chamber><action>Assigned to Revenue Committee</action>
<statusdate>3/4/2004</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Revenue Committee;  009-000-000</action>
<statusdate>3/4/2004</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>3/24/2004</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>3/24/2004</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>3/25/2004</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jack D. Franks</action>
<statusdate>3/25/2004</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Randall M. Hultgren</action>
<statusdate>3/25/2004</statusdate><chamber>House</chamber><action>Third Reading - Short Debate - Passed 097-013-002</action>
<statusdate>3/25/2004</statusdate><chamber>Senate</chamber><action>Arrive in Senate</action>
<statusdate>3/25/2004</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of First Reading March 26, 2004</action>
<statusdate>3/31/2004</statusdate><chamber>Senate</chamber><action>Chief Senate Sponsor Sen. Denny Jacobs</action>
<statusdate>3/31/2004</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>3/31/2004</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>4/15/2004</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>4/22/2004</statusdate><chamber>Senate</chamber><action>Do Pass Revenue;  008-001-000</action>
<statusdate>4/22/2004</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading April 27, 2004</action>
<statusdate>4/28/2004</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>4/28/2004</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading April 29, 2004</action>
<statusdate>4/28/2004</statusdate><chamber>Senate</chamber><action>Added as Alternate Chief Co-Sponsor Sen. Chris Lauzen</action>
<statusdate>5/11/2004</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 056-000-000</action>
<statusdate>5/11/2004</statusdate><chamber>House</chamber><action>Passed Both Houses</action>
<statusdate>6/9/2004</statusdate><chamber>House</chamber><action>Sent to the Governor</action>
<statusdate>8/6/2004</statusdate><chamber>House</chamber><action>Governor Approved</action>
<statusdate>8/6/2004</statusdate><chamber>House</chamber><action>Effective Date August 6, 2004</action>
<statusdate>8/6/2004</statusdate><chamber>House</chamber><action>Public Act . . . . . . . . . 93-0871</action>
</actions>
</xml>

