NOLAND-TURNER,JOHN-WIRSING. 35 ILCS 5/211 new Amends the Illinois Income Tax Act. Creates an income tax credit for a taxpayer that owns a livestock management facility in the amount of 5% of amounts spent by the taxpayer in the tax year on environmental equipment for the facility that will mitigate air and water quality problems. Provides that the Department of Agriculture, in cooperation with the Illinois Environmental Protection Agency, shall, by rule, determine what equipment qualifies for this credit. Provides that in no event shall the credit reduce the taxpayer's liability to below zero. Provides that the credit may be carried forward for 5 years. Provides that the credit applies to tax years beginning on or after January 1, 1998. Sunsets the credit after 5 years. Effective immediately. 98-01-29 H FILED WITH CLERK 98-01-29 H ADDED AS A JOINT SPONSOR TURNER,JOHN 98-01-29 H ADDED AS A CO-SPONSOR WIRSING 98-02-03 H FIRST READING 98-02-03 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary