Bill Status of HB 5533   94th General Assembly


Short Description:  INC TX-ETHANOL FUEL PUMP CR

House Sponsors
Rep. Roger L. Eddy

Last Action  View All Actions

DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/217 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a $10,000 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. Provides that the credit applies to taxable years ending on or after December 31, 2006 and on or before December 30, 2009. Limits the pump credit to one year. Provides that the credits may not reduce the taxpayer's liability to less than zero. Effective January 1, 2007.

Actions 
DateChamber Action
  1/27/2006HouseFiled with the Clerk by Rep. Roger L. Eddy
  1/27/2006HouseFirst Reading
  1/27/2006HouseReferred to Rules Committee
  1/9/2007HouseSession Sine Die

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