Date	Chamber	Action
1/9/2007	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/216 new

35 ILCS 5/217 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Allows credits of $10,000 for high-impact ethanol retailers and high-impact biodiesel retailers. Defines "high-impact ethanol retailer" as a motor fuel retailer who has been certified by the Department as being one of the top 25 retailers in the sale of motor-fuel ethanol in the State during the previous calendar year, and defines "high-impact biodiesel retailer" as a motor fuel retailer who has been certified by the Department as being one of the top 25 retailers in the sale of biodiesel in the State during the previous calendar year. Provides that the credits may not be carried forward or back and may not reduce a taxpayer's liability to less than zero. Effective immediately.

Actions 

Date	Chamber	Action
2/18/2005	House	Filed with the Clerk by Rep. Jim Sacia
2/18/2005	House	First Reading
2/18/2005	House	Referred to Rules Committee
2/23/2005	House	Assigned to Revenue Committee
3/10/2005	House	Recommends Be Adopted Sub-committee/ Revenue Committee; 001-000-002; Lost
3/10/2005	House	Remains in Revenue Committee
3/10/2005	House	Rule 19(a) / Re-referred to Rules Committee
1/9/2007	House	Session Sine Die

Back To Top