Date	Chamber	Action
1/8/2013	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/221 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 

Date	Chamber	Action
2/24/2011	House	Filed with the Clerk by Rep. Chris Nybo
2/24/2011	House	Chief Co-Sponsor Rep. Michael Unes
2/24/2011	House	Chief Co-Sponsor Rep. Richard Morthland
2/24/2011	House	First Reading
2/24/2011	House	Referred to Rules Committee
2/28/2011	House	Assigned to Revenue & Finance Committee
3/17/2011	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2013	House	Session Sine Die

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