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90_HB2219
35 ILCS 5/211 new
Amends the Illinois Income Tax Act. Creates an income
tax credit, beginning in taxable years beginning on or after
January 1, 1997 and ending with taxable years ending on or
before December 30, 2002, for an owner of a riparian filter
strip in an amount equal to 5% of the property tax that the
owner paid on the riparian strip during the taxable year.
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1 AN ACT to amend the Illinois Income Tax Act by adding
2 Section 211.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Income Tax Act is amended by
6 adding Section 211 as follows:
7 (35 ILCS 5/211 new)
8 Sec. 211. Riparian filter strip tax credit.
9 (a) Beginning with taxable years beginning on or after
10 January 1, 1997 and ending with taxable years ending on or
11 before December 30, 2002, the owner of a riparian filter
12 strip shall be entitled to a tax credit against the tax
13 imposed in subsections (a) and (b) of Section 201 in an
14 amount equal to 5% of the property tax paid on the riparian
15 strip during the taxable year.
16 (b) For purposes of this Section, "riparian filter
17 strip" means a tract of land that (i) is between 10 feet and
18 66 feet in width, (ii) is located next to a waterway,
19 including but not limited to surface water, a stream, a
20 river, or a tributary, and (iii) contains vegetation that (A)
21 has a dense top growth, (B) forms a uniform ground cover,
22 and (C) has a heavy fibrous root.
23 (c) The county's soil and water conservation district
24 shall assist the taxpayer in completing a uniform certified
25 document as prescribed by the Department of Revenue in
26 cooperation with the Association of Illinois Soil and Water
27 Conservation Districts that certifies (i) that the property
28 meets the requirements established under this Section for
29 riparian filter strips and (ii) the acreage or square footage
30 of property that qualifies for the tax credit as a riparian
31 filter strip. The document shall be filed by the applicant
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1 with the Department. The Department shall adopt rules
2 concerning the filing of the document. The soil and water
3 conservation district shall create a conservation plan for
4 the creation of the filter strip. The plan shall be kept on
5 file in the soil and water conservation district office.