91st General Assembly
Status of HB2208
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SLONE.

   35 ILCS 5/211 new                                                           

        Amends the Illinois Income Tax Act.  Grants a credit against  the      
   tax  imposed  by  the  Act  in the amount of the fair market value, as      
   determined  by  the  Department  of  Agriculture,  of  a  conservation      
   easement granted by the taxpayer under  Article  II  of  the  Illinois      
   Conservation  Enhancement  Act.  Allows an excess credit to be carried      
   forward to the tax liability of a succeeding  taxable  year.   Exempts      
   the credit from the Act's sunset requirement.  Effective immediately.       
   99-02-19  H  FIRST READING                                                  
   99-02-19  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   99-02-24  H       ASSIGNED TO COMMITTEE               REVENUE               
   99-03-05  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   01-01-09  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary