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<xml>
<title>Illinois General Assembly - Bill Status for HB 3501         </title>
<shortdesc>TAX INCENTIVE RECAPTURE</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><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</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>2/26/2015</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Michelle Mussman</action>
<statusdate>2/26/2015</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/26/2015</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/4/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Martin J. Moylan</action>
<statusdate>3/4/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Stephanie A. Kifowit</action>
<statusdate>3/4/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Lawrence Walsh, Jr.</action>
<statusdate>3/6/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Carol Sente</action>
<statusdate>3/9/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Carol Ammons</action>
<statusdate>3/10/2015</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/10/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Katherine Cloonen</action>
<statusdate>3/13/2015</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/18/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Deb Conroy</action>
<statusdate>3/27/2015</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>3/31/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Daniel V. Beiser</action>
<statusdate>3/31/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Laura Fine</action>
<statusdate>4/8/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jay Hoffman</action>
<statusdate>4/14/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Arthur Turner</action>
<statusdate>4/14/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. André Thapedi</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

