Illinois General Assembly - Bill Status for HB5365
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 Bill Status of HB5365  102nd General Assembly


Short Description:  INC TX-ALTERNATE ENERGY CREDIT

House Sponsors
Rep. Carolyn H. Krause - Sidney H. Mathias

Last Action
DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/216 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, solar, wind, or fuel cell energy device and sets the amount of the credit at the lesser of (i) $1,500 or (ii) 20% 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
  1/26/2006HouseFiled with the Clerk by Rep. Carolyn H. Krause
  1/26/2006HouseFirst Reading
  1/26/2006HouseReferred to Rules Committee
  2/7/2006HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
  1/9/2007HouseSession Sine Die

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