90th General Assembly
Status of HB3079
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DANIELS-MCAULIFFE-BIGGINS.

   20 ILCS 2705/49.35 new                                                      
   35 ILCS 5/211 new                                                           

        Amends the Illinois Income Tax Act and the  Civil  Administrative      
   Code  of  Illinois.   Creates  an income tax credit for taxpayers that      
   receive  a  certificate  of  eligibility  from   the   Department   of      
   Transportation  in  an  amount equal to 50% of the amounts expended by      
   the taxpayer on soundproofing a building that (1) is within 5 miles of      
   O'Hare International Airport or Midway Airport or (2) is within the 60      
   day-night average sound level (DNL) noise contour area.  Provides that      
   the credit may not exceed $10,000 and may not  reduce  the  taxpayer's      
   liability  under  the  Act  to  less  than  zero.   Provides  that the      
   Department of Transportation,  in  cooperation  with  the  communities      
   surrounding  O'Hare and the city of Chicago, shall prescribe rules for      
   determining who is eligible for a certificate of eligibility  for  the      
   credit.   Applicable  to  tax  years  beginning on or after January 1,      
   1998.  Sunsets the credit after 10 years.  Effective immediately.           
   98-02-09  H  FILED WITH CLERK                                               
   98-02-09  H  ADDED AS A JOINT SPONSOR                 MCAULIFFE             
   98-02-10  H  FIRST READING                                                  
   98-02-10  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   98-03-26  H  ADDED AS A CO-SPONSOR                    BIGGINS               
   99-01-12  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary