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<xml>
<title>Illinois General Assembly - Bill Status for HB 1867         </title>
<shortdesc>EDGE-DCEO-VARIOUS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Michael J. Zalewski and Janet Yang Rohr</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>20 ILCS 605/605-1055 new</reference><aliasreference></aliasreference><reference>20 ILCS 605/605-320 rep.</reference><aliasreference></aliasreference><reference>30 ILCS 750/Art. 11 rep.</reference><aliasreference></aliasreference><reference>35 ILCS 10/5-5</reference><aliasreference></aliasreference><reference>35 ILCS 10/5-10</reference><aliasreference></aliasreference><reference>35 ILCS 10/5-25</reference><aliasreference></aliasreference><reference>35 ILCS 10/5-70</reference><aliasreference></aliasreference><reference>35 ILCS 10/5-90</reference><aliasreference></aliasreference><reference>35 ILCS 10/5-40 rep.</reference><aliasreference></aliasreference><SynopsisText>     Amends the Economic Development for a Growing Economy Tax Credit Act. Repeals provisions concerning the Illinois Business Investment Committee. Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code. Creates the Illinois Small Business Fund as a nonappropriated separate and apart trust fund in the State Treasury. Provides that the Department of Commerce and Economic Opportunity shall use moneys in the Fund to manage proceeds that result from investments that the Department has undertaken through economic development programs. Repeals the Illinois Small Business Incubator Article within the Build Illinois Act.</SynopsisText></synopsis>
<actions>
<statusdate>2/16/2021</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Michael J. Zalewski</action>
<statusdate>2/17/2021</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/17/2021</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/9/2021</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/18/2021</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/27/2021</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>4/7/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Janet Yang Rohr</action>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

