Illinois General Assembly - Bill Status for HB1402
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 Bill Status of HB1402  95th General Assembly

Short Description:  E85 INSTALLATION

House Sponsors
Rep. Roger L. Eddy - Ron Stephens - Sandra M. Pihos, Patrick J Verschoore, Brandon W. Phelps and Sandy Cole

Last Action
DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/218 new
815 ILCS 365/5 new

Synopsis As Introduced
Amends the Motor Fuel Sales Act. Requires that, no later than December 31, 2012, there must be installed, at each gasoline station or service station, one or more new E85 ethanol fuel dispensing pumps. Amends the Illinois Income Tax Act. Creates a tax credit, for taxable years ending on or after December 31, 2007 and on or before December 30, 2017, for taxpayers who install a new E85 ethanol fuel dispensing pump at a gasoline station or service station in Illinois during the taxable year in the amount equal to the cost of that installation. Provides that the credit: (i) may not exceed $80,000 per pump: (ii) may not be claimed in any one taxable year in an amount exceeding $20,000 per pump, but any excess amount may be carried forward; and (iii) may not be claimed with respect to the installation of more than one E85 ethanol fuel dispensing pump at any one station. Provides that the credit may be carried forward for 4 years. Effective immediately.

DateChamber Action
  2/21/2007HouseFiled with the Clerk by Rep. Roger L. Eddy
  2/21/2007HouseFirst Reading
  2/21/2007HouseReferred to Rules Committee
  2/27/2007HouseAssigned to Revenue Committee
  3/1/2007HouseAdded Co-Sponsor Rep. Patrick J Verschoore
  3/1/2007HouseAdded Co-Sponsor Rep. Brandon W. Phelps
  3/19/2007HouseAdded Chief Co-Sponsor Rep. Ron Stephens
  3/19/2007HouseAdded Chief Co-Sponsor Rep. Sandra M. Pihos
  3/19/2007HouseAdded Co-Sponsor Rep. Sandy Cole
  3/23/2007HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2009HouseSession Sine Die

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