<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 5473   </title>
<shortdesc>INC TX-NET OPERATING LOSS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Scott E. Penny-Lou Lang</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/207</reference><aliasreference>from Ch. 120, par. 2-207</aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Provides that a limitation on net loss carryovers applies to losses for taxable years ending on or after December 31, 1999 and prior to December 31, 2003 and carried forward to years covered by the limitation period. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/10/2012</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Lou Lang</action>
<statusdate>2/15/2012</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/15/2012</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/27/2012</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/7/2012</statusdate><chamber>House</chamber><action>Recommends Do Pass Subcommittee/ Revenue &amp; Finance Committee;  003-000-000</action>
<statusdate>3/7/2012</statusdate><chamber>House</chamber><action>Remains in Revenue &amp; Finance Committee</action>
<statusdate>3/7/2012</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Lou Lang</action>
<statusdate>3/7/2012</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>3/8/2012</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Revenue &amp; Finance Committee;  009-000-000</action>
<statusdate>3/9/2012</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>3/9/2012</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Tabled Pursuant to Rule 40</action>
<statusdate>3/22/2012</statusdate><chamber>House</chamber><action>Chief Sponsor Changed to Rep. Scott E. Penny</action>
<statusdate>3/22/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Lou Lang</action>
<statusdate>3/23/2012</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Filed with Clerk by Rep. Scott E. Penny</action>
<statusdate>3/23/2012</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Referred to Rules Committee</action>
<statusdate>3/27/2012</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>3/27/2012</statusdate><chamber>House</chamber><action>Held on Calendar Order of Second Reading - Short Debate</action>
<statusdate>3/30/2012</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

