Bill Status of HB 3159   96th General Assembly


Short Description:  INC TAX-WIND TURBINE

House Sponsors
Rep. Bill Mitchell

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. Authorizes a credit to taxpayers who are wind turbine manufacturers equal to 30% of the Illinois income tax attributable to income from the sale of wind turbines. A taxpayer may claim the credit for only one taxable year. Provides that the credit may not reduce the taxpayer's liability to less than zero and may not be carried back, but may be carried forward and applied to the tax liability of the 3 taxable years following the excess credit year. Effective immediately.

Actions 
DateChamber Action
  2/23/2009HouseFiled with the Clerk by Rep. Tom Cross
  2/24/2009HouseFirst Reading
  2/24/2009HouseReferred to Rules Committee
  3/2/2009HouseChief Sponsor Changed to Rep. Bill Mitchell
  3/3/2009HouseAssigned to Revenue & Finance Committee
  3/13/2009HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

Back To Top