Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/211

35 ILCS 10/5-10

35 ILCS 10/5-15

35 ILCS 10/5-20

35 ILCS 10/5-25

35 ILCS 10/5-40

35 ILCS 10/5-45

35 ILCS 10/5-50

35 ILCS 10/5-55

Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act and the Illinois Income Tax Act. Provides that, for tax years beginning on or after January 1, 2015, each taxpayer that demonstrates completion of a project in Illinois during the taxable year that involves (i) an investment by the taxpayer of at least $1,000,000 in capital improvements to be placed into service in Illinois and (ii) the employment of at least 5 new employees in Illinois is entitled to an EDGE credit. Provides that the amount of the credit shall be determined by multiplying the taxpayer's income tax rate by the average wage of the jobs created and then multiplying the result by the number of jobs created.

Actions 

Date	Chamber	Action
2/7/2014	House	Filed with the Clerk by Rep. Jeanne M Ives
2/7/2014	House	First Reading
2/7/2014	House	Referred to Rules Committee
3/3/2014	House	Assigned to Revenue & Finance Committee
3/11/2014	House	To Income Tax Subcommittee
3/28/2014	House	Rule 19(a) / Re-referred to Rules Committee
12/3/2014	House	Session Sine Die

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