HB 4761

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Opportunity Zones

Abstract

Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 10% of the portion of the taxpayer's investment in an opportunity fund that the fund invested during the preceding calendar year in projects located in Illinois opportunity zones. Contains provisions concerning application to the Department of Commerce and Economic Opportunity.

Bill Sponsors (1)

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Actions


Jun 23, 2020

House

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

Mar 12, 2020

House

Assigned to Revenue & Finance Committee

Feb 18, 2020

House

First Reading

House

Referred to Rules Committee

Feb 10, 2020

House

Filed with the Clerk by Rep. Ryan Spain

Bill Text

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