90th General Assembly
Summary of SB0969
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Senate Sponsors:
BERMAN.

Short description: 
INC TAX-ENVIRONMENTAL CREDIT                                               

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act. Provides that beginning  with      
   tax  years  ending  on  or after December 31, 1997 and ending with tax      
   years ending on or before December 31, 2001, a corporation is entitled      
   to a credit in the amount of 25% of the amounts directly  invested  by      
   the  corporation  during  the tax year for the voluntary environmental      
   remediation of contaminated sites located in the State.  Provides that      
   any excess credit may be carried forward and applied to tax  liability      
   for 5 years.                                                                
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status