Illinois General Assembly - Bill Status for HB5380

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Bill Status of HB5380 96th General Assembly

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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

Date	Chamber	Action
1/11/2011	House	Session 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

Date	Chamber	Action
2/4/2010	House	Filed with the Clerk by Rep. Thomas Holbrook
2/5/2010	House	First Reading
2/5/2010	House	Referred to Rules Committee
2/10/2010	House	Added Chief Co-Sponsor Rep. Michael W. Tryon
2/10/2010	House	Added Chief Co-Sponsor Rep. Linda Chapa LaVia
2/10/2010	House	Added Chief Co-Sponsor Rep. Bob Biggins
2/11/2010	House	Added Chief Co-Sponsor Rep. Robert F. Flider
2/18/2010	House	Added Co-Sponsor Rep. Careen M. Gordon
2/18/2010	House	Added Co-Sponsor Rep. Lisa M. Dugan
3/2/2010	House	Assigned to Revenue & Finance Committee
3/15/2010	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2011	House	Session Sine Die

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