Illinois General Assembly - Bill Status for HB0679

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Bill Status of HB0679 96th General Assembly

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Short Description: INC TX-ALTERNATE ENERGY CREDIT

House Sponsors
Rep. Donald L. Moffitt - Sidney H. Mathias - Naomi D. Jakobsson, David Reis and Fred Crespo

Last Action

Date	Chamber	Action
1/11/2011	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
2/5/2009	House	Filed with the Clerk by Rep. Donald L. Moffitt
2/6/2009	House	First Reading
2/6/2009	House	Referred to Rules Committee
2/10/2009	House	Added Chief Co-Sponsor Rep. Sidney H. Mathias
2/11/2009	House	Assigned to Revenue & Finance Committee
2/11/2009	House	Added Co-Sponsor Rep. David Reis
2/18/2009	House	Added Chief Co-Sponsor Rep. Naomi D. Jakobsson
2/20/2009	House	Added Co-Sponsor Rep. Fred Crespo
3/13/2009	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2011	House	Session Sine Die

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