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<xml>
<title>Illinois General Assembly - Bill Status for HB 3566         </title>
<shortdesc>INC TX-RIVER EDGE</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jehan Gordon-Booth-Litesa E. Wallace-Eddie Lee Jackson, Sr.-David R. Leitch, Anna Moeller, Linda Chapa LaVia, Michael D. Unes, Joe Sosnowski, Stephanie A. Kifowit, John M. Cabello, Andrew F Skoog, Steven A. Andersson, Mike Fortner, Ron Sandack and David S. Olsen</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/221</reference><aliasreference></aliasreference><reference>215 ILCS 5/409.1 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Income Tax Act and the Illinois Insurance Code. Provides that all or a portion of the income tax credit awarded for the restoration and preservation of a qualified historic structure located in a River Edge Redevelopment Zone may instead be taken as a credit against privilege and retaliatory taxes paid under the Illinois Insurance Code. Provides that the Historic Preservation Agency may issue a certification to the taxpayer stating that, if the project is completed as proposed, the project will qualify for the credits. Contains provisions concerning transfers of credits. Provides that the credit may be carried forward. Provides that the credit sunsets on January 1, 2022 (currently, January 1, 2017). Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/26/2015</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jehan Gordon-Booth</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>3/5/2015</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Litesa E. Wallace</action>
<statusdate>3/5/2015</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Eddie Lee Jackson, Sr.</action>
<statusdate>3/5/2015</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. David R. Leitch</action>
<statusdate>3/5/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Anna Moeller</action>
<statusdate>3/5/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Linda Chapa LaVia</action>
<statusdate>3/5/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Michael D. Unes</action>
<statusdate>3/5/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Joe Sosnowski</action>
<statusdate>3/5/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Stephanie A. Kifowit</action>
<statusdate>3/5/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. John M. Cabello</action>
<statusdate>3/10/2015</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/13/2015</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/27/2015</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>3/23/2016</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/23/2016</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/25/2016</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Andrew F Skoog</action>
<statusdate>4/8/2016</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>4/18/2016</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Steven A. Andersson</action>
<statusdate>5/4/2016</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Mike Fortner</action>
<statusdate>5/5/2016</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Ron Sandack</action>
<statusdate>8/15/2016</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. David S. Olsen</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

