Bill Status of HB 2527   99th General Assembly


Short Description:  INC TX-COMPOSTING

House Sponsors
Rep. Michael W. Tryon and Steven A. Andersson

Last Action  View All Actions

DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/224 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2015, each taxpayer is entitled to a credit in an amount equal to 50% of the costs incurred by the taxpayer during the taxable year under a contract with a commercial composting facility for the purpose of collecting the taxpayer's compostable garbage, landscape waste, and unused food, separate from the traditional garbage, for transportation to the facility for composting. Provides that the credit may not exceed $2,000 per taxpayer in any taxable year. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Actions 
DateChamber Action
  2/18/2015HouseFiled with the Clerk by Rep. Michael W. Tryon
  2/18/2015HouseFirst Reading
  2/18/2015HouseReferred to Rules Committee
  2/20/2015HouseAdded Co-Sponsor Rep. Steven A. Andersson
  3/2/2015HouseAssigned to Revenue & Finance Committee
  3/6/2015HouseTo Income Tax Subcommittee
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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