PANKAU-DANIELS-MCAULIFFE. 20 ILCS 2705/49.35 new 35 ILCS 5/211 new Amends the Illinois Income Tax Act and the Civil Administrative Code of Illinois. Creates an income tax credit for taxpayers that receive a certificate of eligibility from the Department of Transportation in an amount equal to 50% of the amounts expended by the taxpayer on soundproofing a building that (1) is within 5 miles of O'Hare International Airport or Midway Airport or (2) is within the 60 day-night average sound level (DNL) noise contour area. Provides that the credit may not exceed $10,000 and may not reduce the taxpayer's liability under the Act to less than zero. Provides that the Department of Transportation, in cooperation with the communities surrounding O'Hare and the city of Chicago, shall prescribe rules for determining who is eligible for a certificate of eligibility for the credit. Applicable to tax years beginning on or after January 1, 1999. Sunsets the credit after 10 years. Effective immediately. 99-02-11 H FILED WITH CLERK 99-02-11 H ADDED AS A JOINT SPONSOR DANIELS 99-02-11 H FIRST READING 99-02-11 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-17 H ASSIGNED TO COMMITTEE REVENUE 99-03-02 H JOINT-SPONSOR CHANGED TO MCAULIFFE 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary