PROP TX-INC TX-BUSINESS CREDIT House SponsorsRep. Litesa E. Wallace 1/10/2017HouseSession Sine Die 35 ILCS 5/224 new35 ILCS 200/18-184.15 new Amends the Property Tax Code. Provides that a taxing district may grant an abatement for property that contains an expanded business facility. Defines "expanded business facility" to include a requirement that the business must create a certain number of new employment positions at the facility. Contains provisions allowing for an enhanced abatement for certain facilities. Amends the Illinois Income Tax Act to create a credit equal to a percentage of the remaining tax liability for the property. Effective immediately. 2/26/2015HouseFiled with the Clerk by Rep. Litesa E. Wallace 2/26/2015HouseFirst Reading 2/26/2015HouseReferred to Rules Committee 3/10/2015HouseAssigned to Revenue & Finance Committee 3/13/2015HouseTo Property Tax Subcommittee 3/27/2015HouseRule 19(a) / Re-referred to Rules Committee 1/10/2017HouseSession Sine Die