Senate Sponsors: CULLERTON. Short description: INC TAX-POWER GENERATN CREDIT Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Allows a credit for the cost paid or incurred by a taxpayer during the taxable year for the purchase or lease and installation of any power generation system installed onsite on property in this State, subject to certain limitations. Allows an alternative credit for an amount equal to the occupation or use tax paid or incurred during the taxable year for the purchase or lease of any power generation system. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status