Illinois General Assembly - Bill Status for HB5909
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 Bill Status of HB5909  102nd General Assembly


House Sponsors
Rep. Norine Hammond

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, beginning with taxable years ending on or after December 31, 2014 and ending with taxable years ending on or before December 31, 2019, an amount equal to 50% of the amount of expenses incurred by the taxpayer during a taxable year for the construction of a greenhouse or rehabilitation of a current facility to be used for greenhouse purposes may be deducted from the taxpayer's adjusted gross income. Provides that the taxpayer may elect to deduct 25% of the amount of these expenses in the taxable year in which they were incurred and to deduct the remaining 25% of the amount of these expenses in the next taxable year.

DateChamber Action
  2/14/2014HouseFiled with the Clerk by Rep. Norine Hammond
  2/14/2014HouseFirst Reading
  2/14/2014HouseReferred to Rules Committee
  2/27/2014HouseAssigned to Revenue & Finance Committee
  2/27/2014HouseTo Income Tax Subcommittee
  3/28/2014HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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