IL SB0186 | 2019-2020 | 101st General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 4-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
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
2021-01-13SenateSession Sine Die
2019-03-28SenateRule 3-9(a) / Re-referred to Assignments
2019-03-22SenateRule 2-10 Committee Deadline Established As March 28, 2019
2019-03-06SenateTo Subcommittee on Tax Exemptions and Credits
2019-02-21SenatePostponed - Revenue
2019-02-19SenateSponsor Removed Sen. John G. Mulroe
2019-02-19SenateAdded as Co-Sponsor Sen. John G. Mulroe
2019-02-07SenateAdded as Co-Sponsor Sen. Laura Fine
2019-02-06SenateAssigned to Revenue
2019-02-05SenateAdded as Co-Sponsor Sen. Ann Gillespie
2019-02-05SenateAdded as Chief Co-Sponsor Sen. Thomas Cullerton
2019-01-30SenateReferred to Assignments
2019-01-30SenateFirst Reading
2019-01-30SenateFiled with Secretary by Sen. Laura M. Murphy

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355229New CodeSee Bill Text

Illinois State Sources


Bill Comments

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