Bill Status of HB 5380   96th General Assembly

Short Description:  EFFICIENT GREEN IL TAX CREDIT

House Sponsors
Rep. Thomas Holbrook-Michael W. Tryon-Linda Chapa LaVia-Bob Biggins-Robert F. Flider, Careen M. Gordon and Lisa M. Dugan

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/219 new

Synopsis As Introduced
Creates the Efficient and Green Illinois Tax Credit Act. Authorizes the Department of Commerce and Economic Opportunity to award income tax credits based on 25% of the cost of qualifying expenditures for energy efficient projects, such as solar energy equipment, Energy Star certified heat pumps, lighting retrofit projects, and wind equipment. Authorizes the Department to adopt rules. Provides that the credit may be carried forward for up to 5 taxable years. Amends the Illinois Income Tax Act to make conforming changes. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately.

Actions 
DateChamber Action
  2/4/2010HouseFiled with the Clerk by Rep. Thomas Holbrook
  2/5/2010HouseFirst Reading
  2/5/2010HouseReferred to Rules Committee
  2/10/2010HouseAdded Chief Co-Sponsor Rep. Michael W. Tryon
  2/10/2010HouseAdded Chief Co-Sponsor Rep. Linda Chapa LaVia
  2/10/2010HouseAdded Chief Co-Sponsor Rep. Bob Biggins
  2/11/2010HouseAdded Chief Co-Sponsor Rep. Robert F. Flider
  2/18/2010HouseAdded Co-Sponsor Rep. Careen M. Gordon
  2/18/2010HouseAdded Co-Sponsor Rep. Lisa M. Dugan
  3/2/2010HouseAssigned to Revenue & Finance Committee
  3/15/2010HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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