Bill Status of HB 4685   95th General Assembly

Short Description:  INC TX-ALTERNATE ENERGY CREDIT

House Sponsors
Rep. Donald L. Moffitt-Mike Boland

Last Action  View All Actions

DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/218 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides for a credit for taxpayers who, during the taxable year, install, on a building or property that is owned by the taxpayer and that is located in the State, a geothermal energy device and sets the amount of the credit at the lesser of (i) $5,000 or (ii) 50% of the actual cost of the acquisition and installation of the device. 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 
DateChamber Action
  1/29/2008HouseFiled with the Clerk by Rep. Donald L. Moffitt
  1/30/2008HouseFirst Reading
  1/30/2008HouseReferred to Rules Committee
  2/28/2008HouseAdded Chief Co-Sponsor Rep. Mike Boland
  1/13/2009HouseSession Sine Die

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