INC TX-CAPITAL GAINS CREDIT House SponsorsRep. Dwight Kay-Jason Barickman-Mike Bost 1/8/2013HouseSession Sine Die 35 ILCS 5/223 new Amends the Illinois Income Tax Act. Provides that a taxpayer shall be allowed an income tax credit equal to 50% of the taxpayer's qualified investments in a qualified business during the taxable year. Defines "qualified investments" and "qualified business". Provides that any credit not usable for the taxable year may be carried over for the next 15 succeeding taxable years. Provides that the amount of tax credit available for a calendar year shall be $5,000,000. 2/16/2012HouseFiled with the Clerk by Rep. Dwight Kay 2/16/2012HouseFirst Reading 2/16/2012HouseReferred to Rules Committee 2/28/2012HouseAdded Chief Co-Sponsor Rep. Jason Barickman 2/28/2012HouseAdded Chief Co-Sponsor Rep. Mike Bost 1/8/2013HouseSession Sine Die