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

Statutes Amended In Order of Appearance

35 ILCS 5/217 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a $20,000 tax credit for each motor fuel retailer who installs one or more new fuel tanks and dispensing pumps that are used solely to dispense biodiesel blend that contains more than 5% biodiesel at his or her motor fuel retail store in Illinois during the taxable year. Provides that the credit applies to taxable years ending on or after December 31, 2006 and on or before December 30, 2011. Limits the credit to one year. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately.

Actions 

Date	Chamber	Action
1/26/2006	House	Filed with the Clerk by Rep. Jim Sacia
1/26/2006	House	First Reading
1/26/2006	House	Referred to Rules Committee
2/9/2006	House	Added Chief Co-Sponsor Rep. Thomas Holbrook
2/9/2006	House	Added Chief Co-Sponsor Rep. Michael K. Smith
2/9/2006	House	Added Chief Co-Sponsor Rep. Donald L. Moffitt
1/9/2007	House	Session Sine Die

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