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<xml>
<title>Illinois General Assembly - Bill Status for SB 492          </title>
<shortdesc>INC TX-PPRT INVESTMENT CREDIT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Win Stoller</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2023</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/201</reference><aliasreference></aliasreference><SynopsisText>Amends the Illinois Income Tax Act. Provides that the personal property tax replacement income tax credit for investments in qualified property applies for costs incurred on or after the effective date and on or before December 31, 2025 (currently, December 31, 2018). Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/23/2021</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Win Stoller</action>
<statusdate>2/23/2021</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/23/2021</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>3/3/2021</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/19/2021</statusdate><chamber>Senate</chamber><action>To Credits, Deductions, and Exemptions</action>
<statusdate>4/16/2021</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/10/2023</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

