<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 5270   </title>
<shortdesc>INC TX-FOREIGN TRADE DEDUCTION</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jim Sacia</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/203</reference><aliasreference>from Ch. 120, par. 2-203</aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Limits the application of the deduction for dividends that were paid by a corporation that conducts business operations in a federally designated Foreign Trade Zone or Sub-Zone to taxable years ending on or before December 31, 2008. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/14/2008</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jim Sacia</action>
<statusdate>2/14/2008</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/14/2008</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

