<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 4563         </title>
<shortdesc>EDGE-WITHHOLDING</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. David Harris</sponsors>
</sponsor>
<lastaction>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/704A</reference><aliasreference></aliasreference><reference>35 ILCS 10/5-15</reference><aliasreference></aliasreference><SynopsisText>     Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that any taxpayer that has been awarded an EDGE credit for a taxable year beginning on or after January 1, 2014 may elect to claim up to 20% of the amount of the credit against its obligation to pay over withholding taxes. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/4/2014</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. David Harris</action>
<statusdate>2/4/2014</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/4/2014</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/27/2014</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/27/2014</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/28/2014</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

