Bill Status of HB 4947   94th General Assembly


Short Description:  INCOME TAX-ETHANOL CREDITS

House Sponsors
Rep. Eddie Washington-Sidney H. Mathias-Deborah L. Graham, Lisa M. Dugan, Charles E. Jefferson, John D'Amico, Linda Chapa LaVia, Daniel V. Beiser and Terry R. Parke

Last Action  View All Actions

DateChamber Action
  1/9/2007HouseSession 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. Creates a $1,000 tax credit for each taxpayer who purchases a new E85 ethanol powered motor vehicle during the taxable year. Creates a $5,000 tax credit for each motor fuel retailer who installs one or more new E85 ethanol fuel dispensing pumps at his or her motor fuel retail store in Illinois during the taxable year. Limits the vehicle credit to one vehicle and the pump credit to one year. Provides that the credits may not reduce the taxpayer's liability to less than zero. Effective immediately.

Actions 
DateChamber Action
  1/19/2006HouseFiled with the Clerk by Rep. Eddie Washington
  1/19/2006HouseFirst Reading
  1/19/2006HouseReferred to Rules Committee
  1/25/2006HouseAdded Co-Sponsor Rep. Lisa M. Dugan
  1/25/2006HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
  1/31/2006HouseAssigned to Revenue Committee
  2/7/2006HouseAdded Co-Sponsor Rep. Charles E. Jefferson
  2/8/2006HouseAdded Co-Sponsor Rep. John D'Amico
  2/8/2006HouseAdded Co-Sponsor Rep. Linda Chapa LaVia
  2/8/2006HouseAdded Co-Sponsor Rep. Daniel V. Beiser
  2/8/2006HouseAdded Co-Sponsor Rep. Terry R. Parke
  2/17/2006HouseRule 19(a) / Re-referred to Rules Committee
  2/21/2006HouseAdded Chief Co-Sponsor Rep. Deborah L. Graham
  1/9/2007HouseSession Sine Die

Back To Top