Date	Chamber	Action
1/10/2017	House	Session Sine Die

Statutes Amended In Order of Appearance

New Act

35 ILCS 5/224 new

35 ILCS 105/3-5

35 ILCS 110/3-5

35 ILCS 115/3-5

35 ILCS 120/2-5

35 ILCS 640/2-4

220 ILCS 5/9-222.1

from Ch. 111 2/3, par. 9-222.1

Synopsis As Introduced
Creates the Technology Zone Act. Provides that counties and municipalities may designate technology zones within their jurisdiction, subject to approval by the Department of Commerce and Economic Opportunity. Provides that a qualified technology business located in a technology zone may apply to the Department of Commerce and Economic Opportunity for certification as a technology business. Provides that those certified technology businesses are entitled to credits against taxes and charges imposed under the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailers' Occupation Tax Act, the Electricity Excise Tax Law, or the Public Utilities Act. Amends those Acts to make conforming changes. Amends the Illinois Income Tax Act. Provides that a certified technology business that makes an investment in qualified property during the taxable year is entitled to an income tax credit in an amount equal to 0.5% of the amount of the investment. Effective immediately.

Actions 

Date	Chamber	Action
2/27/2015	House	Filed with the Clerk by Rep. Carol Ammons
2/27/2015	House	First Reading
2/27/2015	House	Referred to Rules Committee
3/12/2015	House	Assigned to Revenue & Finance Committee
3/13/2015	House	To Sales and Other Taxes Subcommittee
3/27/2015	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2017	House	Session Sine Die

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