HB 967

  • Illinois House Bill
  • 98th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Edge-Refundable

Abstract

Amends the Illinois Income Tax Act and the Economic Development for a Growing Economy Tax Credit Act. Provides that the amount of any credit awarded under the Economic Development for a Growing Economy Tax Credit Act may exceed the tax liability for the year the credit is computed. Provides that excess credit amounts may be carried forward and applied to the tax liability of the 5 taxable years following the excess credit year or refunded to the Taxpayer (instead of carried forward only). Effective immediately.

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Dec 03, 2014

House

Session Sine Die

Mar 22, 2013

House

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

Feb 04, 2013

House

Assigned to Revenue & Finance Committee

Jan 25, 2013

House

Filed with the Clerk by Rep. Daniel V. Beiser

House

First Reading

House

Referred to Rules Committee

Bill Text

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