Bill Title: Creates the Efficient and Green Illinois Tax Credit Act. Authorizes the Department of Commerce and Economic Opportunity to award income tax credits based on 25% of the cost of qualifying expenditures for energy efficient projects, such as solar energy equipment, Energy Star certified heat pumps, lighting retrofit projects, and wind equipment. Authorizes the Department to adopt rules. Provides that the credit may be carried forward for up to 5 taxable years. Amends the Illinois Income Tax Act to make conforming changes. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately.

Sponsorship: Moderate Partisan Bill (Democrat 4-1)

Status: (Engrossed - Dead) 2010-04-23 - Rule 19(a) / Re-referred to Rules Committee [SB3147 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Engrossed	Not Avail	HTML/Text	Link	View
Introduced	Not Avail	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB3147

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB3147 currently on file.