IL HB4273 | 2015-2016 | 99th General Assembly

Status

Sponsorship: Slight Partisan Bill (Republican 2-1)
Status: Introduced on August 13 2015 - 25% progression, died in committee
Action: 2015-08-25 - 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 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
2015-08-25HouseReferred to Rules Committee
2015-08-25HouseFirst Reading
2015-08-25HouseAdded Chief Co-Sponsor Rep. Michael P. McAuliffe
2015-08-14HouseAdded Co-Sponsor Rep. John C. D'Amico
2015-08-13HouseFiled with the Clerk by Rep. Christine Winger

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355224New CodeSee Bill Text

Illinois State Sources


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