Illinois General Assembly - Bill Status for HB5737
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 Bill Status of HB5737  100th General Assembly


House Sponsors
Rep. Jerry Lee Long

Last Action
DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/227 new

Synopsis As Introduced
Amends the Illinois Business Use Incentives for Large-Scale Development Act. Provides that the Department of Commerce and Economic Opportunity may enter into a financing agreement with an eligible industry with respect to an economic development project. Provides that those eligible industries are entitled to a credit against their Illinois income taxes in an amount not to exceed 5% of the gross wages paid in one year by an eligible industry to all eligible employees in new jobs. Provides that an "eligible industry" is a business located in the State which is engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products, conducting research and development, or providing services in interstate commerce, office industries, or agricultural processing, but excluding retail, health or professional services. Effective immediately.

DateChamber Action
  2/16/2018HouseFiled with the Clerk by Rep. Jerry Lee Long
  2/16/2018HouseFirst Reading
  2/16/2018HouseReferred to Rules Committee
  2/27/2018HouseAssigned to Revenue & Finance Committee
  3/8/2018HouseTo Income Tax Subcommittee
  4/13/2018HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2019HouseSession Sine Die

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