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| [ Senate Amendment 001 ] |
90_HB0282sam002
LRB9002145DNmbam01
1 AMENDMENT TO HOUSE BILL 282
2 AMENDMENT NO. . Amend House Bill 282, AS AMENDED,
3 with reference to page and line numbers of Senate Amendment
4 No. 1 on page 1, line 19, by replacing "Section 211" with
5 "Sections 211 and 212"; and
6 on page 2, below line 25, by inserting the following:
7 "(35 ILCS 5/212 new)
8 Sec. 212. Tax credit for companies producing air
9 pollution control equipment. Beginning with taxable years
10 beginning on or after January 1, 1998 and ending with taxable
11 years ending on or before December 30, 2008, every company
12 that (i) manufactures air pollution control equipment such as
13 after burners, carbon absorbers, fabric filters, or scrubbers
14 that are designed to reduce sulfur dioxide or carbon monoxide
15 emissions in accordance with the Clean Air Act of 1990 or
16 (ii) produces continuous emission monitoring systems shall be
17 entitled to a tax credit equal to 5% of the company's income
18 derived from the manufacture or production of air pollution
19 control equipment or continuous emission monitoring systems
20 if the company locates or is currently located in a
21 financially distressed county that has an active, operating
22 coal mine that has reduced production or has had an active
-2- LRB9002145DNmbam01
1 coal mine close within the last 10 years. The Department of
2 Commerce and Community Affairs, after consulting with the
3 Department of Employment Security, shall define "financially
4 distressed county" by administrative rule. This credit shall
5 not reduce the company's tax liability to less than zero.".