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<xml>
<title>Illinois General Assembly - Bill Status for HB 5759   </title>
<shortdesc>HISTORIC REHAB TAX CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jehan A. Gordon, Carol A. Sente and Anthony DeLuca</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><SynopsisText>     Creates the Historic Rehabilitation Tax Credit Act. Authorizes tax credits against Illinois income taxes and insurance company privilege taxes for 25% of the costs of rehabilitating eligible historic property. Allows excess credits to be carried back and forward. Allows credits to be transferred, sold, or assigned. Administered by the Department of Commerce and Economic Opportunity. Sets forth application and award procedures. Effective July 1, 2010.</SynopsisText></synopsis>
<actions>
<statusdate>2/9/2010</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jehan A. Gordon</action>
<statusdate>2/9/2010</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/9/2010</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/16/2010</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/18/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Carol A. Sente</action>
<statusdate>3/2/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Anthony DeLuca</action>
<statusdate>3/15/2010</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>

