RIVER EDGE TAX CREDIT Senate SponsorsSen. Linda Holmes 1/13/2015SenateSession Sine Die 35 ILCS 5/224 new65 ILCS 115/10-10.1Amends the Illinois Income Tax Act. Provides that taxpayers are entitled to an income tax credit against the taxes imposed under the River Edge Redevelopment Zone Act equal to 100% of the reasonable and prudent costs incurred by a public utility. Provides that any amount of credit that exceeds a taxpayer's liabilities shall be refunded to the taxpayer. Amends the River Edge Redevelopment Zone Act. Restricts the amount of costs recovered by a public utility from retail customers to $5,000,000. Provides for a repeal date of July 1, 2020 (currently, July 29, 2017). 2/4/2014SenateFiled with Secretary by Sen. Linda Holmes 2/4/2014SenateFirst Reading 2/4/2014SenateReferred to Assignments 2/19/2014SenateAssigned to Revenue 2/25/2014SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Linda Holmes 2/25/2014SenateSenate Committee Amendment No. 1 Referred to Assignments 2/26/2014SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue 3/4/2014SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Linda Holmes 3/4/2014SenateSenate Committee Amendment No. 2 Referred to Assignments 3/5/2014SenateSenate Committee Amendment No. 2 Assignments Refers to Revenue 3/6/2014SenatePostponed - Revenue 3/20/2014SenateSenate Committee Amendment No. 3 Filed with Secretary by Sen. Linda Holmes 3/20/2014SenateSenate Committee Amendment No. 3 Referred to Assignments 3/20/2014SenateSenate Committee Amendment No. 3 Assignments Refers to Revenue 3/21/2014SenatePostponed - Revenue 3/21/2014SenateSenate Committee Amendment No. 1 Postponed - Revenue 3/21/2014SenateSenate Committee Amendment No. 2 Postponed - Revenue 3/21/2014SenateSenate Committee Amendment No. 3 Postponed - Revenue 3/27/2014SenatePostponed - Revenue 3/27/2014SenateSenate Committee Amendment No. 1 Postponed - Revenue 3/27/2014SenateSenate Committee Amendment No. 2 Postponed - Revenue 3/27/2014SenateSenate Committee Amendment No. 3 Postponed - Revenue 3/28/2014SenateRule 3-9(a) / Re-referred to Assignments 3/28/2014SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments 3/28/2014SenateSenate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments 3/28/2014SenateSenate Committee Amendment No. 3 Rule 3-9(a) / Re-referred to Assignments 1/13/2015SenateSession Sine Die