Illinois General Assembly - Bill Status for HB4861

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Bill Status of HB4861 96th General Assembly

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Short Description: EDGE-TRANSFER CREDIT

House Sponsors
Rep. Mark L. Walker

Last Action

Date	Chamber	Action
1/11/2011	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 10/5-45

Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that the recipient of a credit under the Act may apply for a certificate of transferability of credit from the Department of Commerce and Economic Opportunity for the amount of the credit not previously claimed. Provides that the transferability certificate may be transferred or sold by the recipient to another Illinois taxpayer. Makes other changes.

	Fiscal Note (Dept. of Revenue)
	The Illinois Department of Revenue estimates that the existing EDGE credit program costs between $24 million and $47 million annually. The program changes set forth in HB 4861 would increase that cost by between $11 million and $34 million annually.

Actions

Date	Chamber	Action
1/13/2010	House	Filed with the Clerk by Rep. Mark L. Walker
1/15/2010	House	First Reading
1/15/2010	House	Referred to Rules Committee
1/27/2010	House	Assigned to Revenue & Finance Committee
2/4/2010	House	Fiscal Note Requested by Rep. Mark L. Walker
2/17/2010	House	Fiscal Note Filed
3/15/2010	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2011	House	Session Sine Die

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