<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 1349   </title>
<shortdesc>EDGE CREDIT-TRANSFERS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Kurt M. Granberg</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>20 ILCS 715/25</reference><aliasreference></aliasreference><reference>35 ILCS 5/211</reference><aliasreference></aliasreference><reference>35 ILCS 10/5-45</reference><aliasreference></aliasreference><SynopsisText>     Amends the Economic Development for a Growing Economy Tax Credit Act and the Illinois Income Tax Act. Provides that a taxpayer who has been awarded a credit under the Economic Development for a Growing Economy tax credit program may sell the credit in the secondary financial markets with 100% of the proceeds of the sale by the applicant to be used to offset the costs of the project. Amends the Corporate Accountability for Tax Expenditures Act and the Illinois Income Tax Act to make corresponding changes. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/20/2007</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Kurt M. Granberg</action>
<statusdate>2/20/2007</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/20/2007</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/22/2007</statusdate><chamber>House</chamber><action>Assigned to Revenue Committee</action>
<statusdate>3/23/2007</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

