IL HB0393 | 2021-2022 | 102nd General Assembly

Status

Spectrum: Bipartisan Bill
Status: Introduced on January 29 2021 - 25% progression, died in committee
Action: 2021-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the amount paid by the taxpayer during the taxable year for the purpose of purchasing acoustical materials, other materials, labor, and professional services to soundproof a residential home located at an eligible address against aircraft noise generated by an airport governed by the provisions of the Permanent Noise Monitoring Act. Provides that the credit may not reduce the taxpayer's liability to less than zero; however, the credit may be carried forward. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately.

Tracking Information

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Title

INC TX-SOUNDPROOFING

Sponsors


History

DateChamberAction
2021-03-27HouseRule 19(a) / Re-referred to Rules Committee
2021-03-11HouseTo Income Tax Subcommittee
2021-03-02HouseAssigned to Revenue & Finance Committee
2021-02-24HouseAdded Co-Sponsor Rep. Thomas M. Bennett
2021-02-08HouseReferred to Rules Committee
2021-02-08HouseFirst Reading
2021-01-29HouseFiled with the Clerk by Rep. Martin J. Moylan

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355232New CodeSee Bill Text

Illinois State Sources


Bill Comments

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