Bill Title: Amends the Illinois Income Tax Act. Provides that, beginning with taxable years ending on or after December 31, 2012 and ending with taxable years ending on or before December 31, 2017, an amount equal to 50% of the amount of expenses incurred by the taxpayer during a taxable year for the construction of a greenhouse or rehabilitation of a current facility to be used for greenhouse purposes may be deducted from the taxpayer's adjusted gross income. Provides that the taxpayer may elect to deduct 25% of the amount of these expenses in the taxable year in which they were incurred and to deduct the remaining 25% of the amount of these expenses in the next taxable year.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Failed) 2013-01-08 - Session Sine Die [HB5543 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2012-02-14	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB5543

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB5543 currently on file.

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