Illinois General Assembly - Bill Status for HB4685

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Bill Status of HB4685 95th General Assembly

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Short Description: INC TX-ALTERNATE ENERGY CREDIT

House Sponsors
Rep. Donald L. Moffitt - Mike Boland

Last Action

Date	Chamber	Action
1/13/2009	House	Session 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

Date	Chamber	Action
1/29/2008	House	Filed with the Clerk by Rep. Donald L. Moffitt
1/30/2008	House	First Reading
1/30/2008	House	Referred to Rules Committee
2/28/2008	House	Added Chief Co-Sponsor Rep. Mike Boland
1/13/2009	House	Session Sine Die

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