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<xml>
<title>Illinois General Assembly - Bill Status for HB 5378         </title>
<shortdesc>RURAL JOBS TAX CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Dave Severin-Terri Bryant-Patrick Windhorst-Avery Bourne</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>35 ILCS 5/229 new</reference><aliasreference></aliasreference><SynopsisText>     Creates the Rural Job Creation Tax Credit Act. Provides that a taxpayer may claim a nonrefundable income tax credit for rural job creation equal to a percentage of the taxpayer's purchase of an equity interest in a rural investment company or purchase of a debt instrument issued by the rural investment company. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/14/2020</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Dave Severin</action>
<statusdate>2/14/2020</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Terri Bryant</action>
<statusdate>2/14/2020</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Patrick Windhorst</action>
<statusdate>2/14/2020</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Avery Bourne</action>
<statusdate>2/18/2020</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/18/2020</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

