IL HB2077 | 2011-2012 | 97th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Authorizes a credit to taxpayers who are wind turbine manufacturers equal to 30% of the Illinois income tax attributable to income from the sale of wind turbines. A taxpayer may claim the credit for only one taxable year. Provides that the credit may not reduce the taxpayer's liability to less than zero and may not be carried back, but may be carried forward and applied to the tax liability of the 3 taxable years following the excess credit year. Effective immediately.
Title
INC TAX-WIND TURBINE
Sponsors
Rep. Louis Lang [D] |
History
Date | Chamber | Action |
---|---|---|
2013-01-08 | House | Session Sine Die |
2011-03-17 | House | Rule 19(a) / Re-referred to Rules Committee |
2011-02-24 | House | Assigned to Revenue & Finance Committee |
2011-02-22 | House | Referred to Rules Committee |
2011-02-22 | House | First Reading |
2011-02-17 | House | Filed with the Clerk by Rep. Lou Lang |
Code Citations
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2077&GAID=11&DocTypeID=HB&SessionID=84&GA=97 |
Text | https://www.ilga.gov/legislation/97/HB/09700HB2077.htm |