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<xml>
<title>Illinois General Assembly - Bill Status for HB 3774   </title>
<shortdesc>TRADE SHOW TAX CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Edward J. Acevedo-Lou Lang</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>35 ILCS 5/218 new</reference><aliasreference></aliasreference><SynopsisText>     Creates the Trade Show Income Tax Credit Act. Authorizes the Department of Commerce and Economic Opportunity to award income tax credits to trade show managers for locating large trade shows in Illinois and using Illinois labor. The credit ranges from 25% to 45% of Illinois labor expenditures, up to $10,000 per applicant per trade show. Promotes training and recruitment and a diversity plan. Allows for transfers of credits. Requires reports by the Department. Amends the Illinois Income Tax Act to implement the credit. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/25/2009</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Edward J. Acevedo</action>
<statusdate>2/25/2009</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/25/2009</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/3/2009</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/5/2009</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Lou Lang</action>
<statusdate>3/13/2009</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

