Illinois House Bill 3306 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Republican 3)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Provides for a credit for taxpayers who, during the taxable year, install, on a building or property that is owned by the taxpayer and that is located in the State, a geothermal energy device and sets the amount of the credit at the lesser of (i) $5,000 or (ii) 50% of the actual cost of the acquisition and installation of the device. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately.

INC TX-ALTERNATE ENERGY CREDIT

Sen. Chris Nybo [R]

Rep. Michael Unes [R]

Rep. Richard Morthland [R]

Date	Chamber	Action
2013-01-08	House	Session Sine Die
2011-03-17	House	Rule 19(a) / Re-referred to Rules Committee
2011-02-28	House	Assigned to Revenue & Finance Committee
2011-02-24	House	Referred to Rules Committee
2011-02-24	House	First Reading
2011-02-24	House	Chief Co-Sponsor Rep. Richard Morthland
2011-02-24	House	Chief Co-Sponsor Rep. Michael Unes
2011-02-24	House	Filed with the Clerk by Rep. Chris Nybo

Chapter	Article	Section	Citation Type	Statute Text
35	5	221	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3306&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/HB/09700HB3306.htm