JOHNSON-BLACK-LYONS,EILEEN-BELLOCK, O'BRIEN, REITZ AND FRANKS.
INC TAX-NATURAL GAS TAX CREDIT
Synopsis of Bill as introduced:
Amends the Illinois Income Tax Act. Provides that, beginning
with taxable years ending on or after December 31, 2001 and ending
with taxable years ending before December 31, 2006, a taxpayer is
entitled to an income tax credit in an amount equal to the amount paid
in the taxable year by the taxpayer for taxes assessed on natural gas
bills. Allows the credit to be carried forward for 2 years.
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status