Illinois General Assembly - Bill Status for HB1250

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an energy price relief income tax credit. Sets forth the amount of the credit, which shall be a percentage of the total amount paid by the taxpayer during the taxable year for energy supplied to a property in the State. Provides that the Department of Commerce and Economic Opportunity may award no more than $50,000,000 in credits under these provisions in any fiscal year. Provides that the credit may be carried forward. Amends the Illinois Administrative Procedure Act to provide for emergency rulemaking. Effective immediately.

Actions

Date	Chamber	Action
1/18/2023	House	Filed with the Clerk by Rep. Michael T. Marron
1/31/2023	House	First Reading
1/31/2023	House	Referred to Rules Committee
5/9/2023	House	Added Co-Sponsor Rep. Tony M. McCombie
6/22/2023	House	Added Co-Sponsor Rep. Dan Swanson
8/8/2023	House	Added Co-Sponsor Rep. Norine K. Hammond
11/8/2023	House	Added Co-Sponsor Rep. Tom Weber
11/8/2023	House	Added Co-Sponsor Rep. Dave Severin

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