Bill Status of HB 4882   95th General Assembly

Short Description:  BIOTECH INVESTMENT TAX CREDIT

House Sponsors
Rep. Susana A Mendoza-Maria Antonia Berrios, Kevin Joyce, Mike Fortner, Kathleen A. Ryg and Ruth Munson

Last Action  View All Actions

DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/218 new

Synopsis As Introduced
Creates the Biotechnology Investment Tax Credit Act and amends the Illinois Income Tax Act. Creates an income tax credit for qualified investors who make an investment in biotechnology companies in the State. Provides that the Department of Commerce and Economic Opportunity must certify the amount of the credit and sets forth the procedures for the application and certification of the credit. Sets forth provisions for the revocation and recapture of the tax credit. Contains other provisions. Effective immediately.

Actions 
DateChamber Action
  2/11/2008HouseFiled with the Clerk by Rep. Susana A Mendoza
  2/11/2008HouseFirst Reading
  2/11/2008HouseReferred to Rules Committee
  2/14/2008HouseAdded Chief Co-Sponsor Rep. Maria Antonia Berrios
  2/26/2008HouseAssigned to Revenue Committee
  3/6/2008HouseAdded Co-Sponsor Rep. Kevin Joyce
  3/6/2008HouseAdded Co-Sponsor Rep. Mike Fortner
  3/6/2008HouseAdded Co-Sponsor Rep. Kathleen A. Ryg
  3/6/2008HouseAdded Co-Sponsor Rep. Ruth Munson
  3/14/2008HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2009HouseSession Sine Die

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