IL HB5380 | 2009-2010 | 96th General Assembly
Status
March 15 2010 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Creates the Efficient and Green Illinois Tax Credit Act. Authorizes the Department of Commerce and Economic Opportunity to award income tax credits based on 25% of the cost of qualifying expenditures for energy efficient projects, such as solar energy equipment, Energy Star certified heat pumps, lighting retrofit projects, and wind equipment. Authorizes the Department to adopt rules. Provides that the credit may be carried forward for up to 5 taxable years. Amends the Illinois Income Tax Act to make conforming changes. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately.
Title
EFFICIENT GREEN IL TAX CREDIT
Sponsors
| Rep Bob Biggins | Rep Careen M. Gordon | Rep Linda Chapa LaVia | Rep Lisa M. Dugan |
| Rep Michael W. Tryon | Rep Robert F. Flider | Rep Thomas Holbrook |
History
| Date | Chamber | Action |
|---|---|---|
| 2010-03-15 | Rule 19(a) / Re-referred to Rules Committee | |
| 2010-03-02 | Assigned to Revenue & Finance Committee | |
| 2010-02-18 | Added Co-Sponsor Rep. Lisa M. Dugan | |
| 2010-02-18 | Added Co-Sponsor Rep. Careen M. Gordon | |
| 2010-02-11 | Added Chief Co-Sponsor Rep. Robert F. Flider | |
| 2010-02-10 | Added Chief Co-Sponsor Rep. Bob Biggins | |
| 2010-02-10 | Added Chief Co-Sponsor Rep. Linda Chapa LaVia | |
| 2010-02-10 | Added Chief Co-Sponsor Rep. Michael W. Tryon | |
| 2010-02-05 | Referred to Rules Committee | |
| 2010-02-05 | First Reading | |
| 2010-02-04 | Filed with the Clerk by Rep. Thomas Holbrook |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | http://www.ilga.gov/legislation/BillStatus.asp?DocNum=5380&GAID=10&DocTypeID=HB&SessionID=76&GA=96 |
| Text | http://www.ilga.gov/legislation/96/HB/09600HB5380.htm |
