LUECHTEFELD. 35 ILCS 5/213 new Amends the Illinois Income Tax Act. Creates a new generation cooperative incentive tax credit. Provides for a credit of the lesser of 50% of a member's investment or $20,000 for each member of a nonprofit cooperative approved by the Department of Revenue and formed for the purpose of operating (i) a facility producing goods derived from an agricultural commodity or using a process to produce goods derived from an agricultural product or (ii) a renewable fuel production facility. The credits allowed for any one new generation cooperative may not exceed $5,000,000. Effective immediately. FEB-20-2001 S FIRST READING FEB-20-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-21-2001 S ASSIGNED TO COMMITTEE REVENUE MAR-22-2001 S HELD IN COMMITTEE MAR-29-2001 S POSTPONED MAR-29-2001 S COMMITTEE REVENUE MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES MAY-31-2001 S RULED EXEMPT UNDER SENATE RULE 3-9(B) SRUL MAY-31-2001 S NOVEMBER 1, 2001. MAY-31-2001 S ASSIGNED TO COMMITTEE REVENUE NOV-02-2001 S REFER TO RULES/PURSUANT SEN RULE 3-9 (B) RULES SRUL JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary