Date	Chamber	Action
1/9/2019	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/203

from Ch. 120, par. 2-203

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to the product of the total capital expenditures incurred by the taxpayer for labor and materials to install mechanical insulation property during the taxable year multiplied by the applicable percentage. Provides that the applicable percentage is the lesser of: (i) 30%; or (ii) the difference between: (a) the energy savings, expressed as a percentage, obtained by placing the mechanical insulation property in service in connection with a mechanical system and (b) the energy savings, expressed as a percentage, that the property is required to meet by standard 90.1-2007, developed and published by the American Society of Heating, Refrigerating and Air-Conditioning Engineers. Effective immediately.

Actions 

Date	Chamber	Action
1/11/2017	Senate	Filed with Secretary by Sen. Michael E. Hastings
1/11/2017	Senate	First Reading
1/11/2017	Senate	Referred to Assignments
1/24/2017	Senate	Assigned to Revenue
2/7/2017	Senate	Added as Co-Sponsor Sen. Scott M. Bennett
2/8/2017	Senate	Added as Co-Sponsor Sen. Bill Cunningham
2/22/2017	Senate	To Subcommittee on Income Taxes
3/17/2017	Senate	Rule 3-9(a) / Re-referred to Assignments
1/9/2019	Senate	Session Sine Die

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