<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 3582   </title>
<shortdesc>INC TX-HISTORIC STRUCTURES</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jehan A. Gordon and Charles E. Jefferson</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 105/5.786 new</reference><aliasreference></aliasreference><reference>35 ILCS 5/221 new</reference><aliasreference></aliasreference><reference>65 ILCS 115/10-2</reference><aliasreference></aliasreference><reference>65 ILCS 115/10-5.3</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 25% of qualified expenditures incurred by a qualified taxpayer during the taxable year in the restoration and preservation of a qualified historic structure located in a River Edge Redevelopment Zone pursuant to a qualified rehabilitation plan. Defines "qualified taxpayer, "qualified historic structure", and "qualified rehabilitation plan". Provides that the credit may be carried forward until the tenth taxable year after the qualified rehabilitation plan was placed in service. Amends the River Edge Redevelopment Zone Act. Provides that, until December 31, 2012, the Department may certify one additional River Edge Redevelopment Zone in the City of Peoria. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/24/2011</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jehan A. Gordon</action>
<statusdate>2/24/2011</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/24/2011</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/3/2011</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/17/2011</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>3/1/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Charles E. Jefferson</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

