Illinois General Assembly - Bill Status for HB2522
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 Bill Status of HB2522  94th General Assembly


Short Description:  INC TX-ETHANOL SALES CREDIT

House Sponsors
Rep. Jim Sacia

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

Statutes Amended In Order of Appearance
35 ILCS 5/216 new
35 ILCS 5/217 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Allows credits of $10,000 for high-impact ethanol retailers and high-impact biodiesel retailers. Defines "high-impact ethanol retailer" as a motor fuel retailer who has been certified by the Department as being one of the top 25 retailers in the sale of motor-fuel ethanol in the State during the previous calendar year, and defines "high-impact biodiesel retailer" as a motor fuel retailer who has been certified by the Department as being one of the top 25 retailers in the sale of biodiesel in the State during the previous calendar year. Provides that the credits may not be carried forward or back and may not reduce a taxpayer's liability to less than zero. Effective immediately.

Actions 
DateChamber Action
  2/18/2005HouseFiled with the Clerk by Rep. Jim Sacia
  2/18/2005HouseFirst Reading
  2/18/2005HouseReferred to Rules Committee
  2/23/2005HouseAssigned to Revenue Committee
  3/10/2005HouseRecommends Be Adopted Sub-committee/ Revenue Committee; 001-000-002; Lost
  3/10/2005HouseRemains in Revenue Committee
  3/10/2005HouseRule 19(a) / Re-referred to Rules Committee
  1/9/2007HouseSession Sine Die

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