Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/203

from Ch. 120, par. 2-203

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, beginning with taxable years ending on or after December 31, 2014 and ending with taxable years ending on or before December 31, 2019, an amount equal to 50% of the amount of expenses incurred by the taxpayer during a taxable year for the construction of a greenhouse or rehabilitation of a current facility to be used for greenhouse purposes may be deducted from the taxpayer's adjusted gross income. Provides that the taxpayer may elect to deduct 25% of the amount of these expenses in the taxable year in which they were incurred and to deduct the remaining 25% of the amount of these expenses in the next taxable year.

Actions 

Date	Chamber	Action
2/14/2014	House	Filed with the Clerk by Rep. Norine Hammond
2/14/2014	House	First Reading
2/14/2014	House	Referred to Rules Committee
2/27/2014	House	Assigned to Revenue & Finance Committee
2/27/2014	House	To Income Tax Subcommittee
3/28/2014	House	Rule 19(a) / Re-referred to Rules Committee
12/3/2014	House	Session Sine Die

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