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<xml>
<title>Illinois General Assembly - Bill Status for HB 5314         </title>
<shortdesc>INC TX-ADOPTION TAX CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Barbara Wheeler-Dwight Kay, David McSweeney, Ed Sullivan, Jr., Ron Sandack and Ann Williams</sponsors>
</sponsor>
<lastaction>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/224 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Creates a tax credit for each individual taxpayer who adopts a child during the taxable year in an amount equal to certain nonrecurring adoption expenses incurred by the taxpayer in connection with that adoption. Provides that the credit may not exceed $4,000 per child. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/7/2014</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Barbara Wheeler</action>
<statusdate>2/7/2014</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/7/2014</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/20/2014</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/21/2014</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/17/2014</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Dwight Kay</action>
<statusdate>3/20/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. David McSweeney</action>
<statusdate>3/20/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Ed Sullivan, Jr.</action>
<statusdate>3/20/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Ron Sandack</action>
<statusdate>3/20/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Ann Williams</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>

