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<xml>
<title>Illinois General Assembly - Bill Status for HB 2429         </title>
<shortdesc>INC TAX-RIVER EDGE HISTORIC</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. LaToya Greenwood</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/221</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. In provisions creating a credit for rehabilitation costs associated with qualified historic property located in a River Edge Redevelopment Zone, provides that, if the River Edge Redevelopment Zone is located in the City of East St. Louis, then the tax credit applies for taxable years that end prior to January 1, 2027 (currently, January 1, 2022). Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/17/2021</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. LaToya Greenwood</action>
<statusdate>2/19/2021</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/19/2021</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>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

