IL HB3159 | 2009-2010 | 96th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 23 2009 - 25% progression, died in committee
Action: 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 23 2009 - 25% progression, died in committee
Action: 2009-03-13 - 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. 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
History
| Date | Chamber | Action |
|---|---|---|
| 2009-03-13 | Rule 19(a) / Re-referred to Rules Committee | |
| 2009-03-03 | Assigned to Revenue & Finance Committee | |
| 2009-03-02 | Chief Sponsor Changed to Rep. Bill Mitchell | |
| 2009-02-24 | Referred to Rules Committee | |
| 2009-02-24 | First Reading | |
| 2009-02-23 | Filed with the Clerk by Rep. Tom Cross |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3159&GAID=10&DocTypeID=HB&SessionID=76&GA=96 |
| Text | https://www.ilga.gov/legislation/96/HB/09600HB3159.htm |
