HB 5349

  • Illinois House Bill
  • 100th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Impact Of Tax Credits-Report

Abstract

Amends the Illinois Income Tax Act. Provides that the Department of Revenue, with the assistance of the Department of Commerce and Economic Opportunity, shall examine the investment credit and the research and development credit to determine the impact that each of these credits has on the creation and retention of jobs, and report its findings to the Governor and the General Assembly on or before December 1, 2019. Provides that the Department of Revenue, with the assistance of the Department of Commerce and Economic Opportunity, shall examine each credit against a tax imposed under the Illinois Income Tax Act on and after the effective date of this amendatory Act to determine the impact that each credit has on the creation and retention of jobs, including, but not limited to, any stated job creation goals, and report its findings for each credit to the Governor and the General Assembly on or before 3 years after the effective date of the credit in question, and on or before every 3 years thereafter. Effective immediately.

Bill Sponsors (1)

Votes


Actions


Jan 08, 2019

House

Session Sine Die

Apr 27, 2018

House

House Committee Amendment No. 1 Fiscal Note Filed as Amended

House

Rule 19(a) / Re-referred to Rules Committee

Apr 25, 2018

House

Second Reading - Short Debate

House

Held on Calendar Order of Second Reading - Short Debate

Apr 09, 2018

House

House Committee Amendment No. 1 Fiscal Note Requested as Amended by Rep. Tom Demmer

Mar 08, 2018

House

House Committee Amendment No. 1 Rules Refers to Business Growth & Incentives Committee

House

Added Co-Sponsor Rep. Jerry Costello, II

House

Placed on Calendar 2nd Reading - Short Debate

House

Do Pass as Amended / Short Debate Business Growth & Incentives Committee; 003-002-000

House

House Committee Amendment No. 1 Adopted in Business Growth & Incentives Committee; by Voice Vote

Mar 07, 2018

House

House Committee Amendment No. 1 Referred to Rules Committee

House

House Committee Amendment No. 1 Filed with Clerk by Rep. Sue Scherer

Mar 02, 2018

House

Added Co-Sponsor Rep. Carol Sente

Mar 01, 2018

House

Added Co-Sponsor Rep. Stephanie A. Kifowit

House

Added Co-Sponsor Rep. Linda Chapa LaVia

House

Added Chief Co-Sponsor Rep. Jaime M. Andrade, Jr.

House

Added Chief Co-Sponsor Rep. Christine Winger

House

Added Chief Co-Sponsor Rep. Steven A. Andersson

House

Added Chief Co-Sponsor Rep. La Shawn K. Ford

Feb 26, 2018

House

Assigned to Business Growth & Incentives Committee

Feb 16, 2018

House

First Reading

House

Referred to Rules Committee

Feb 15, 2018

House

Filed with the Clerk by Rep. Sue Scherer

Bill Text

Bill Text Versions Format
Introduced HTML

Related Documents

Document Format
House Amendment 001

Sources

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