Bill Status of HB 679   96th General Assembly

Short Description:  INC TX-ALTERNATE ENERGY CREDIT

House Sponsors
Rep. Donald L. Moffitt-Sidney H. Mathias-Naomi D. Jakobsson, David Reis and Fred Crespo

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/218 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides for a credit for taxpayers who, during the taxable year, install, on a building or property that is owned by the taxpayer and that is located in the State, a geothermal energy device and sets the amount of the credit at the lesser of (i) $5,000 or (ii) 50% of the actual cost of the acquisition and installation of the device. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately.

Actions 
DateChamber Action
  2/5/2009HouseFiled with the Clerk by Rep. Donald L. Moffitt
  2/6/2009HouseFirst Reading
  2/6/2009HouseReferred to Rules Committee
  2/10/2009HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
  2/11/2009HouseAssigned to Revenue & Finance Committee
  2/11/2009HouseAdded Co-Sponsor Rep. David Reis
  2/18/2009HouseAdded Chief Co-Sponsor Rep. Naomi D. Jakobsson
  2/20/2009HouseAdded Co-Sponsor Rep. Fred Crespo
  3/13/2009HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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