Bill Title: Creates the Renewable Chemical Production Tax Credit Program Act. Provides a credit against taxes imposed under the Illinois Income Tax Act for eligible businesses that produces a renewable chemical in this State from biomass feedstock. Provides eligibility requirements and for the amount and applicability of the credit. Defines terms. Effective immediately.

Sponsorship: Slight Partisan Bill (Republican 2-1)

Status: (Failed) 2019-01-09 - Session Sine Die [SB1656 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2017-02-09	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
Senate Amendment 001	2017-03-09	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB1656 currently on file.