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<xml>
<title>Illinois General Assembly - Bill Status for HB 1525   </title>
<shortdesc>REVENUE-TECH</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Michael J. Zalewski-Darlene J. Senger-Michael G. Connelly-Monique D. Davis, Barbara Flynn Currie and John E. Bradley</sponsors>
<sponsorhead2>Senate Sponsors</sponsorhead2><altsponsors>(Sen. Terry Link)</altsponsors>
</sponsor>
<lastaction>
<statusdate>3/4/2011</statusdate><chamber>House</chamber><action>Public Act . . . . . . . . . 96-1534</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/509</reference><aliasreference>from Ch. 120, par. 5-509</aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Makes a technical change and a revisory change in a Section concerning tax checkoff explanations.</SynopsisText><synopsistitle>House Floor Amendment No. 1</synopsistitle>
<reftype>Deletes reference to:</reftype><reference>35 ILCS 5/509</reference><aliasreference></aliasreference><reftype>Adds reference to:</reftype><reference>35 ILCS 10/5-15</reference><aliasreference></aliasreference><SynopsisText>Replaces everything after the enacting clause. Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that a taxpayer that engages in water purification and treatment may elect to claim the EDGE Credit against its withholding tax obligation if the taxpayer (ii) had an Illinois net operating loss carryforward under Section 207 of the Illinois Income Tax Act in a taxable year ending during calendar year 2009, (ii) has applied for an EDGE agreement within 150 days after the effective date of the amendatory Act, (iii) creates at least 150 new jobs, (iv) retains at least 1,000 jobs in Illinois that would have been at risk of relocation out of Illinois over a 10-year period, and (v) makes a capital investment of at least $57,000,000. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/17/2009</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Michael J. Madigan</action>
<statusdate>2/17/2009</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Barbara Flynn Currie</action>
<statusdate>2/17/2009</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. John E. Bradley</action>
<statusdate>2/18/2009</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/18/2009</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/19/2009</statusdate><chamber>House</chamber><action>Assigned to Executive Committee</action>
<statusdate>3/3/2009</statusdate><chamber>House</chamber><action>Moved to Suspend Rule 25 Rep. Barbara Flynn Currie</action>
<statusdate>3/3/2009</statusdate><chamber>House</chamber><action>Suspend Rule 25 - Prevailed</action>
<statusdate>3/4/2009</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Executive Committee;  010-000-000</action>
<statusdate>3/4/2009</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate **</action>
<statusdate>4/3/2009</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>11/10/2010</statusdate><chamber>House</chamber><action>Final Action Deadline Extended-9(b) January 11, 2011</action>
<statusdate>11/10/2010</statusdate><chamber>House</chamber><action>Approved for Consideration Rules Committee;  003-001-000</action>
<statusdate>11/10/2010</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>11/16/2010</statusdate><chamber>House</chamber><action>Chief Sponsor Changed to Rep. Michael J. Zalewski</action>
<statusdate>11/17/2010</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>11/17/2010</statusdate><chamber>House</chamber><action>Held on Calendar Order of Second Reading - Short Debate</action>
<statusdate>11/29/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski</action>
<statusdate>11/29/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 1 Referred to Rules Committee</action>
<statusdate>11/29/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 1 Rules Refers to Revenue &amp; Finance Committee</action>
<statusdate>11/29/2010</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Darlene J. Senger</action>
<statusdate>11/29/2010</statusdate><chamber>House</chamber><action>Remove Chief Co-Sponsor Rep. Barbara Flynn Currie</action>
<statusdate>11/29/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Barbara Flynn Currie</action>
<statusdate>11/29/2010</statusdate><chamber>House</chamber><action>Remove Chief Co-Sponsor Rep. John E. Bradley</action>
<statusdate>11/29/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. John E. Bradley</action>
<statusdate>11/29/2010</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Michael G. Connelly</action>
<statusdate>11/29/2010</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Monique D. Davis</action>
<statusdate>11/30/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 1 Recommends Be Adopted Revenue &amp; Finance Committee;  009-000-000</action>
<statusdate>11/30/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 1 Adopted by Voice Vote</action>
<statusdate>11/30/2010</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>11/30/2010</statusdate><chamber>House</chamber><action>Third Reading - Short Debate - Passed 114-000-000</action>
<statusdate>11/30/2010</statusdate><chamber>Senate</chamber><action>Arrive in Senate</action>
<statusdate>11/30/2010</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of First Reading December 1, 2010</action>
<statusdate>11/30/2010</statusdate><chamber>Senate</chamber><action>Chief Senate Sponsor Sen. Terry Link</action>
<statusdate>12/2/2010</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>12/2/2010</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>12/29/2010</statusdate><chamber>Senate</chamber><action>Assigned to Executive</action>
<statusdate>1/3/2011</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee/3rd Reading Deadline Established As January 11, 2011</action>
<statusdate>1/4/2011</statusdate><chamber>Senate</chamber><action>Do Pass Executive;  012-000-000</action>
<statusdate>1/4/2011</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading January 4, 2011</action>
<statusdate>1/4/2011</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>1/4/2011</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading January 5, 2011</action>
<statusdate>1/5/2011</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 048-000-000</action>
<statusdate>1/5/2011</statusdate><chamber>House</chamber><action>Passed Both Houses</action>
<statusdate>1/7/2011</statusdate><chamber>House</chamber><action>Sent to the Governor</action>
<statusdate>3/4/2011</statusdate><chamber>House</chamber><action>Governor Approved</action>
<statusdate>3/4/2011</statusdate><chamber>House</chamber><action>Effective Date March 4, 2011</action>
<statusdate>3/4/2011</statusdate><chamber>House</chamber><action>Public Act . . . . . . . . . 96-1534</action>
</actions>
</xml>

