MITCHELL,BILL-MATHIAS, BOLAND AND POE. 35 ILCS 5/213 new 35 ILCS 5/214 new 35 ILCS 5/215 new Amends the Illinois Income Tax Act. Creates a tax credit for a motor fuel retailer in the amount of $0.04 for each gallon of gasohol sold in Illinois during the taxable year by that motor fuel retailer. Creates a $2,000 tax credit for each taxpayer who purchases a new E85 ethanol powered motor vehicle for each vehicle purchased during the taxable year. Creates a $10,000 tax credit for each motor fuel retailer who installs one or more new E85 ethanol fuel dispensing pumps at his or her motor fuel retail store in Illinois during the taxable year. Provides that each of the credits applies during taxable years 2002 through 2006. Provides that the credits may not reduce the taxpayer's liability to less than zero. Effective January 1, 2002. DEC-08-2000 H PREFILED WITH CLERK JAN-10-2001 H FIRST READING JAN-10-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES JAN-30-2001 H ADDED AS A JOINT SPONSOR MATHIAS JAN-31-2001 H ASSIGNED TO COMMITTEE REVENUE MAR-01-2001 H ADDED AS A CO-SPONSOR BOLAND MAR-01-2001 H ADDED AS A CO-SPONSOR POE MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary