Bill Status of HB3501  99th General Assembly


Short Description:  TAX INCENTIVE RECAPTURE

House Sponsors
Rep. Michelle Mussman, Martin J. Moylan, Stephanie A. Kifowit, Lawrence Walsh, Jr., Carol Sente, Carol Ammons, Katherine Cloonen, Deb Conroy, Daniel V. Beiser, Laura Fine, Jay Hoffman, Arthur Turner and André Thapedi

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
Creates the Business Tax Incentive Recapture Act. Provides that, if a business is awarded a tax incentive in any taxable year, and that business relocates its corporate headquarters from Illinois to another state in the next taxable year, then the Department shall recapture the amount of the tax incentive from the business. Effective immediately.

Actions 
DateChamber Action
  2/26/2015HouseFiled with the Clerk by Rep. Michelle Mussman
  2/26/2015HouseFirst Reading
  2/26/2015HouseReferred to Rules Committee
  3/4/2015HouseAdded Co-Sponsor Rep. Martin J. Moylan
  3/4/2015HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit
  3/4/2015HouseAdded Co-Sponsor Rep. Lawrence Walsh, Jr.
  3/6/2015HouseAdded Co-Sponsor Rep. Carol Sente
  3/9/2015HouseAdded Co-Sponsor Rep. Carol Ammons
  3/10/2015HouseAssigned to Revenue & Finance Committee
  3/10/2015HouseAdded Co-Sponsor Rep. Katherine Cloonen
  3/13/2015HouseTo Income Tax Subcommittee
  3/18/2015HouseAdded Co-Sponsor Rep. Deb Conroy
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  3/31/2015HouseAdded Co-Sponsor Rep. Daniel V. Beiser
  3/31/2015HouseAdded Co-Sponsor Rep. Laura Fine
  4/8/2015HouseAdded Co-Sponsor Rep. Jay Hoffman
  4/14/2015HouseAdded Co-Sponsor Rep. Arthur Turner
  4/14/2015HouseAdded Co-Sponsor Rep. André Thapedi
  1/10/2017HouseSession Sine Die